Sanitec
| Company type | Public limited company |
|---|---|
| Industry | bathroom ceramics |
| Founded | 1990 (as a Wärtsilä subsidiary) 1999 (listed on the Helsinki stock Exchange)[1] |
| Headquarters | Helsinki, Finland |
Key people | Fredrik Cappelen (Chairman) Peter Nilsson (President and CEO) |
| Products | bathroom ceramics, bathroom furniture pre-wall flushing solutions taps & mixers bathtubs, showers |
| Revenue | €752.8 million (2012)[2] |
| €73 million (2012)[2] | |
Number of employees | 7,004(2012)[2] |
| Subsidiaries | Allia, IDO, Ifö, Keramag Kolo, Koralle, Porsgrund Pozzi-Ginori, Selles Sphinx, Twyford Bathrooms Varicor |
| Website | www.sanitec.com |
Sanitec was a large European producer of bathroom ceramics generating an annual revenue of €753 million (2012). It was based in Helsinki, owned by the Swedish private equity firm EQT (has been owning 77.5% of Sanitec since 2009, 100% before) and owned several European ceramics brands with 18 production plants .
History
Sanitec was established as a subsidiary of Wärtsilä in 1990. In 1999 Sanitec was listed on the Helsinki stock exchange. It was delisted on 1 November 2001 after being acquired by Pool Acquisition Helsinki Oy, a company Sanitec merged with on 31 March 2002. In the beginning of 2005 the merged company was completely acquired by EQT.[1]
In February 2015, Sanitec was acquired by the Swiss firm Geberit for a fee of $1.4 billion.[3]
- Allia, France (1991)
- IDO, Finland
- Ifö, Sweden (1981)
- Keramag, Germany (1991)
- Kolo, Poland (1993)
- Koralle, Germany
- Porsgrund, Norway (1985)
- Pozzi-Ginori, Italy (1993)
- Selles, France
- Sphinx, Netherlands (1999 )
- Twyford Bathrooms, U.K. (2001)
- Varicor, Germany (1998)
References
- ^ a b c Sanitec milestones
- ^ a b c Preliminary Results 2012
- ^ Geberit says has acquired 99.27 pct of Sanitec shares. Reuters, 3 February 2015
- ^ Sanitec brands