LIXIL to acquire remaining 49% of Grohe Dawn Watertech in South Africa

LIXIL Corporation will acquire the remaining 49% of shares in Grohe Dawn Watertech Holdings from DAWN for ZAR 324.5 million, gaining full ownership. The Johannesburg-based joint venture will be rebranded as LIXIL Africa.

“Full ownership of GDWT will strategically position us for growth in South Africa and the emerging markets of Sub-Saharan Africa.”buype.co.za

• 1 source
• buype.co.zaLIXIL to Wholly Acquire Grohe Dawn Watertech in South AfricaBusiness NewsSep 15, 2017

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