# Kawashima Selkon to go independent from LIXIL via MBO

Kawashima Selkon announced it will become independent from parent company LIXIL Group through a management buyout (MBO), with management acquiring all shares from LIXIL to increase operational freedom and focus on interior textiles and traditional techniques.

- Type: Acquisition
- Announced: 2020-11-24
- Where: Kyoto, Japan
- Status: announced
- Products: interior textiles, decorative fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [LIXIL Group](https://endata.com/companies/6463.md) (acquirer)
- [Kawashima Selkon](https://endata.com/companies/51439.md) (target)

## Sources

- [nikkei.com](https://www.nikkei.com/article/DGKKZO66584200U0A121C2LKA000/), 2020-11-24: "川島織物セルコン（京都市）は24日、MBO（経営陣が参加する買収）により親会社の LIXILグループから独立すると発表した。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.