Fluidmaster, Inc., the world’s largest manufacturer of toilet tank components and trim announced today its acquisition of the Kolektor Liv based in Postojna, Slovenia. Kolektor Liv has been one of a leading European provider of sanitary ware products, including in-wall and concealed cisterns, under the LIV® and Schwab® brands actively sold in over 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, Chairman and Chief Executive Officer of Fluidmaster. “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,” explained Radovan Bolko, Kolektor CEO. “Fluidmaster shares our vision of maintaining workplaces and plans to further develop the business from its existing location.”
The structure of employees and the management of Kolektor Liv marketing sanitary products under the existing LIV and Schwab brands will remain in place. “We are excited about this particular location as a base for expanding our European operations,” stated Todd Talbot, Fluidmaster President. “Through our discussions, we have gained great respect for the leaders of this business and look forward to fully integrating them into the Fluidmaster team.”
“Fluidmaster, LIV and Schwab products are very complementary and we believe our combined sales teams will be able to grow the business with this comprehensive product portfolio,” said Uroš Likar, Managing Director of Kolektor Liv. “Fluidmaster is poised to fully leverage the potential in our operations, products and people and we look forward to a bright future for the new enterprise.”
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