Villeroy & Boch, a manufacturer of ceramics, completed the acquisition of Ideal Standard, a manufacturer of products and solutions for private and public bathrooms, from private equity firms Anchorage Capital Group and CVC, for €600m ($640m). “With the acquisition of Ideal Standard, we are systematically pursuing our strategic growth path, expanding our core business and enhancing our international presence. We firmly believe that the two companies will also be a good cultural fit. In addition to our traditional brands, we share common values, including a dedication to quality and service, an appreciation for exemplary design and the constant pursuit of innovation. We would like to welcome our new colleagues and we look forward to shaping our future together,” Gabi Schupp, Villeroy & Boch CEO.