LIXIL announces losses of YEN 33.2 billion (US$ 265 million) due to Joyou AG’s insolvency filing

LIXIL

LIXIL (“Link to good living”) acquired approx. 70% of German listed Chinese subsidiary Joyou AG via the GROHE acquisition Joyou AG files for bankruptcy On January 21, 2014, LIXIL had acquired 87.5% of the German bath fixtures company GROHE Group (“Pure Freude am Wasser”). The GROHE Group owns 72.3% of Joyou AG, thus Joyou AG… Continue reading LIXIL announces losses of YEN 33.2 billion (US$ 265 million) due to Joyou AG’s insolvency filing

LIXIL and Development Bank of Japan (DBJ) together acquire 87.5% of GROHE Group

LIXIL

LIXIL (“Link to Good Living”) pursues strategy to become global leader in building materials and housing equipment industry LIXIL acquires 87.5% of German GROHE Group (“Pure Freude an Wasser”), valuing GROHE at € 3.06 billion Lixil Corporation follows the strategy to become the global leader in building materials and housing equipment, and on January 21,… Continue reading LIXIL and Development Bank of Japan (DBJ) together acquire 87.5% of GROHE Group