Sanitec was a large European producer of sanitaryware. It was based in Helsinki, owned by the Swedish

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a ty ...

firm EQT (has been owning 77.5% of Sanitec since 2009, 100% before) and owned several European ceramics brands with 18 production plants. Annual revenue in 2012 was €753 million.

History

Sanitec was established as a subsidiary of Wärtsilä in 1990. In 1999 Sanitec was listed on the Helsinki stock exchange. It was delisted on 1 November 2001 after being acquired by Pool Acquisition Helsinki Oy, a company Sanitec merged with on 31 March 2002. In the beginning of 2005 the merged company was completely acquired by EQT. In February 2015, Sanitec was acquired by the

Swiss Swiss may refer to: * the adjectival form of Switzerland * Swiss people Places * Swiss, Missouri * Swiss, North Carolina *Swiss, West Virginia * Swiss, Wisconsin Other uses *Swiss-system tournament, in various games and sports *Swiss Internation ...

firm

Geberit Geberit ( is a Swiss multinational group specialized in manufacturing and supplying sanitary parts and related systems. It is a leader in its field in Europe with a global presence through its subsidiaries. History The Beginnings In 1874, C ...

for $US1.4 billion.Geberit says has acquired 99.27 pct of Sanitec shares

Reuters Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was estab ...

, 3 February 2015 Bidet Ego Kolo

Brands (year acquisition by Sanitec)Sanitec brands

* Allia, France (1991) * IDO, Finland * Ifö, Sweden (1981) * Keramag, Germany (1991) * Kolo, Poland (1993) * Koralle, Germany * Porsgrund, Norway (1985) * Pozzi-Ginori, Italy (1993) * Selles, France * Sphinx, Netherlands (1999) *

Twyford Bathrooms Twyford Bathrooms is a manufacturer of bathroom fixtures based in Alsager, Cheshire, England. History Thomas Twyford and his son Thomas William Twyford established what is now known as Twyford Bathrooms in 1849 in Bath Street, Hanley, Stoke- ...

, United Kingdom (2001) * Varicor, Germany (1998)

References

External links

Sanitec homepage
{{Authority control Manufacturing companies based in Helsinki Bathroom fixture companies Finnish brands Wärtsilä