23. Jan 2020
Company news
Successful transformation of Ideal Standard delivers 20% earnings improvement
In 2019, Ideal Standard, one of the leading manufacturers of Ceramic sanitary ware and bathroom faucets in Europe, with annual sales of approximately €730m, successfully completed its 3-year transformation program.
Significant investment, for example in new manufacturing technology, as well as the launch of new products including the highly-acclaimed Atelier design collection and the innovative WC pre-wall system ProSys, were instrumental in achieving the 20% earnings improvement versus the prior year.
Ideal Standard is privately owned by Anchorage Capital and CVC Credit Partners. The shareholders always explore all potential options to best secure the future strategic development of Ideal Standard, either as a stand-alone business or in synergetic combination with other marketing leading players, especially given the company’s successful turnaround, and in the context of the continued consolidation of the bathroom industry.
