{
Barbara Borra

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Franke Group Acquires Chinese Kitchen Faucet Manufacturer Nokite EcoSmart

The Franke Group has acquired 100% of Nokite EcoSmart Water Heating Systems, a Chinese manufacturer of stainless steel kitchen faucets, to enhance its Home Solutions division. Known for its high manufacturing quality, Nokite's expertise aligns with Franke's focus on the growing water treatment market. The acquisition is expected to drive growth in the stainless steel fittings segment amid regulatory trends favoring lead elimination.
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Swiss Franc Franke Group CHE CHN Barbara Borra
Finance & Economy, Press Release
12:00 05.12.2024
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