Masco-backed Hansgrohe to acquire a majority stake in Easy Sanitary Solutions.

Masco-backed Hansgrohe, a German sanitary fittings manufacturer, agreed to acquire a majority stake in Easy Sanitary Solutions, a designer, developer and producer of sanitary solutions. The closing of the sale is expected to occur during the first quarter of 2021, subject to customary closing conditions and regulatory review. Financial terms were not disclosed. “With this investment, we are strengthening the product range in our core area – showers. With our shared core values of innovation, design quality and responsibility, and the strength of the ESS team, we look forward to further expanding our strong presence in the shower space,” Hans Juergen Kalmbach, Hansgrohe Chairman of the Executive Board.