Grohe, one of the main reference points in the world for faucets and bath fixtures, has reached an agreement with Lixil Corporation and the Development Bank of Japan to cede an 87.5% share of Grohe Group, held by the private equity fund TPG and DLJ Merchant Banking Partners (Credit Suisse). This operation represents the largest investment ever made in Germany by a Japanese company. The combined activities of the two groups in the bath fixture industry will produce overall sales of over 4 billion euros, making the corporation the largest of its kind in the world. Grohe conserves its autonomy and will continue to implement its long-term program of sustainable growth. With the support of Lixil, Grohe also sets the goal of consolidation of the worldwide operations in this industry, still marked by a high degree of fragmentation, becoming its absolute protagonist.
