GROHE acquires majority of WaterTech portfolio of DAWN Ltd

GROHE acquires majority of WaterTech portfolio of DAWN Ltd to become the market leader in South Africa

 

GROHE acquires 51 percent in a joint endeavour with DAWN Ltd / GROHE

becomes one of the leading South African suppliers of sanitary fittings /

Annual gross sales of DAWN WaterTech of around € 110 million /

Continuation of GROHE’s sustainable growth strategy

Luxembourg, 2 July 2014. GROHE Group S.à r.l. acquires the majority of the

WaterTech portfolio of DAWN Ltd to become the market leader in South Africa.

The new company to be named GROHE DAWN WaterTech Holdings Pty Ltd will

be owned 51% by GROHE and 49% by DAWN. The brands include COBRA,

which is coming home to the GROHE Group given both companies were founded

by the same Friedrich Grohe. The transaction was announced today. It is still

subject to regulatory approval as well as the approval by DAWN’s shareholders

and is set for closing in autumn.

With gross sales of around € 110 million, DAWN’s sanitary fittings business

segment grew by approx. ten percent in the last financial year. DAWN has a

significant sanitary fittings market share in South Africa, which means that GROHE

becomes one of the country’s leading suppliers of sanitary fittings as a result of the

transaction.

The deal offers GROHE outstanding prospects for further sustained growth in the

African market. GROHE gains production facilities in South Africa and will further

expand its distribution network and business activities in neighbouring markets in

the southern and eastern regions of the African continent. The partners of the new

company agreed that this company will become the exclusive distributor for

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