The Franke Group completed the acquisition of Nokite from KWC Group.

The Franke Group, a global producer and supplier of solutions and equipment for residential kitchens, restaurants, convenience stores and coffee preparation, completed the acquisition of Nokite, a Chinese producer of stainless-steel taps and accessories for residential kitchens, from KWC Group, a designer and manufacturer of fittings and accessories for kitchens, bathrooms and washrooms. Financial terms were not disclosed. “Nokite's engineering capabilities are crucial to enhance our product offering. Their expertise in multifunctional taps aligns well with our strategic attention to the growing water treatment and purification market, driving further our commitment to high quality, intelligent kitchen solutions,” Barbara Borra, Franke Home Solutions CEO/President.