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Toilet tank components manufacturer Fluidmaster Inc., San Juan Capistrano, CA, has acquired Kolektor Liv based in Postojna, Slovenia. Kolektor Liv is a European provider of sanitary ware products, including in-wall and concealed cisterns, under the LIV and Schwab brands sold in more than 30 countries in Europe and in the Middle East.
"Fluidmaster and Kolektor have been discussing a potential collaboration for some time and we jointly determined that this acquisition is the best way to serve both existing and prospective customers in Europe and beyond," said Robert AndersonSchoepe, Fluidmaster CEO. "This acquisition supports our corporate objective to continue strengthening our core business in the European market, in part by adding to our cistern product portfolio."
"We selected Fluidmaster on basis of its ability to ensure future growth equal to or even greater than our own strategic plan for the sanitaryware business, coupled with our social responsibility towards the local community and environment in which Kolektor Liv operates," said Radovan Bolko, Kolektor CEO.
The structure of employees and the management of Kolektor Liv marketing sanitary products under the existing LIV and Schwab brands will remain in place.