Tece completed the acquisition of Absara Industrial.

Tece, a global manufacturer of sanitary products and installation systems, completed the acquisition of Absara Industrial, a company specializing in the manufacture and sale of bathroom fittings. Financial terms were not disclosed. "Our company already has good access to this specific market segment, which is now excellently complemented by Absara. We are convinced that this strategic expansion will further strengthen our position as one of the leading international suppliers of shower drainage systems," Peter Fehlings, TECE Partner and Managing Director.