Fluidmaster expands European presence with Key Teknik
Fluidmaster, a manufacturer of toilet tank components and trim, entered into a definitive agreement to acquire Key Teknik, a sanitary equipment business based in Istanbul, Turkey. Established in 2008, Key Teknik markets under the Wilco brand as well as private-label in-wall and concealed cisterns extensively in Turkey, the Middle East and Europe.
The transaction was expected to close on or around Nov. 1, 2015, subject to customary closing conditions and approvals. Management for the existing operations in Turkey will remain in place, along with the Wilco brand, now augmented by Fluidmaster’s line of products, services and brands.