The Swiss Franke Group has acquired an interest of 25% in Duravit AG, the German manufacturer of designer bathrooms and wellbeing systems. As part of the strategic partnership, the two companies plan to mutually develop innovative product series for the bathroom and kitchen area under their respective brands. This serves as the basis for further expansion and strengthening of their international market position.
"We see a lot of advantages on both sides. Together we can realize additional national and international growth potential in the bathroom and kitchen sector, both in the showroom and in the project business", said Dr. Frank Richter,CEO, Duravit. Alexander Zschokke, CEO of Franke Group said, "Partnering with Duravit is an important milestone in the strategic development of the Franke Group. Both companies have excellent expertise, more than 100 years of experience and a high level of design competence. Not only is Duravit a strong development partner for Franke, the corporate cultures match too – entrepreneurship is a top priority for both the companies. Together we will set new standards in the bathroom and kitchen sector and experience a major upswing in growth."
Franke-A new shareholder at Duravit
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