Built to inform

Sign up for the daily newsletters

No, Thank you

Grohe acquires Mesma Holdings’ stake in Grome JV

German sanitary fittings manufacturer, Grohe, has taken full ownership of Grome Marketing, its 50:50 joint venture with Mesma Holdings

Sanitary fittings manufactuer, Grohe, has acquired Mesma Holdings’ stake in Grome.
Sanitary fittings manufactuer, Grohe, has acquired Mesma Holdings’ stake in Grome.

Grohe has acquired Mesma Holdings’ stake in Grome Marketing.

Grome was established in 1983 as an exclusive agency for the German sanitary fittings manufacturer’s products.

The agency covers almost 50 markets in the Middle East, East Mediterranean, and North and West Africa territories.

Grohe, which acquired a 50% stake in Grome in 1993, will has now taken full ownership and control of the company.

As the firm’s sole owner, Grohe has stated its intention to grow the business through the introduction of new product categories and technologies.

The acquisition forms part of a wider corporate initiative to simplify Grohe’s governance structures and decision-making processes.

Most popular

Awards

New category open for consultancies at CW Awards 2019 in Dubai
Sub-Consultancy of the Year to be crowned for the first time at the gala ceremony

Conferences

Leaders UAE 2019: Pinsent Masons confirmed as Gold Sponsor
Law firm is among the major construction industry players confirmed as sponsors for Leaders UAE's
Leaders in Construction UAE Summit returns in Sept 2019
Dubai conference to see top officials discuss the people, trends, and challenges that will power

Latest Issue

Construction Week - Issue 747
Aug 03, 2019