Announced
Synopsis
ABG, a provider of a comprehensive offering of bathware products, agreed to acquire North America bathing business from LIXIL, a manufacturer of water and housing products. Financial terms were not disclosed. “By leveraging LIXIL’s and ABG’s core competencies, we can further expand our reach in this competitive market, while also strengthening LIXIL’s focus on high-performance toilets and fittings. This decision reflects LIXIL’s commitment to refining its portfolio, prioritizing core areas of focus, and driving sustainable growth in the Americas region,” Nik Bafana, LIXIL Americas Leader.
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