GROHE takes full ownership of Grome joint venture

GROHE AG has acquired from Mesma Holdings Ltd the remaining 50 percent stake in the joint venture entity Grome Marketing (Cyprus) Limited ("Grome"). With this acquisition, GROHE takes full ownership and control of Grome. Grome was formed in 1983 by Juergen Lorenz as an exclusive agency for GROHE products, covering the Middle East, the East Mediterranean and North and West Africa, a region comprising close to 50 markets.