Franke Group strengthens market position with the purchase of kitchen tap manufacturers!

Franke Group strengthens market position with the purchase of kitchen tap manufacturers!

The Franke Group from Aarburg, Switzerland, has taken a significant step by making 100% of the shares in nokite Ecosmart Water Heating Systems (Guangdong) Co., Ltd. has acquired by the KWC Group, how franke.com reported. Nokite is a leading manufacturer of high-quality stainless steel fittings and accessories for kitchens that have been active for over 20 years and is the first manufacturer of stainless steel fittings in China. With around 150 employees, Nokite will in future become part of the Franke Home Solutions Division, which offers innovative solutions for private cuisine worldwide.

The acquisition of nokite underlines Franke's commitment to intelligent kitchen solutions and the growing segment of water treatment. Barbara Borra, CEO of Franke Home Solutions, emphasizes that the technical skills of nokite are decisive to expand the product range and to strengthen the company in the global market for kitchen fittings. The expertise of nokite in the area of ​​stainless steel fittings is ideal for the high -quality positioning of the Franke brand. It is also expected that the trend towards elimination of lead in water fittings will accelerate the growth of the stainless steel segment, which makes nokites know-how particularly valuable, such as how ots.at reported.

With this purchase, Franke not only intends to strengthen its market position, but also to fully exploit the production capacities of nokite and to significantly increase the added value. In 2023, the net turnover of the Franke Group was around 2.42 billion Swiss francs, and the integration of nokite is considered the key to future growth.