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Franke is New Duravit Shareholder

The Swiss Franke Group acquired an interest of 25 % in Duravit AG/DE. Both companies plan to mutually develop in­nova­tive product series for the bathroom and kitchen area under their respective brands. They intend to set new lifestyle trends for even more quality of life in the bathroom and the kitchen.

Franke and Duravit have a complementary product portfolio and almost perfectly support each other. Both companies have an international focus, strong brands and a great innovative capacity with a focus on outstanding design, high quality and intelli­gent functionality. This participation lays the foundation for establishing a strategic partnership in the bathroom and kitchen area. The project business also holds very good prospects for additional growth opportunities. The bundling of common strengths enables the partners to be even more successful in setting lifestyle trends for a better quality of life in bathrooms and kitchens. This serves as the basis for further expansion and strengthening their respective international market position. The previous minority shareholder of Dura­vit, Roca Corporación Empresarial SA, has sold its stake on 31 December 2015, which was a prerequisite for the investment of Franke. Subject to approval by the antitrust agencies, Franke acquires the previously held shares. The philosophy of Duravit, founded in 1817, is about “living bathrooms”, and this is reflected in the collab­oration with high-profile designers, such as Philippe Starck, Phoenix Design, EOOS, sieger design, and Matteo Thun. This results in innovative new developments with which Duravit repeatedly sets new standards. The Duravit product portfolio includes sanitaryware, bathroom furniture, shower and bath tubs, wellbeing systems, shower toilets and accessories. Duravit produces at 11 locations worldwide, has about 5800 employees and generated net sales of about EUR 432 million in 2015. Franke is part of the Artemis Group and a leading global provider of solutions and equipment for domestic kitchens, private bathrooms, semi-public/public washrooms, professional food service and coffee prep­ar­ation. The Group has a global presence and employs approximately 9000 employees in 39 countries, generating a turnover of around CHF 2,1 billion.

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