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VitrA Announces Strategic Partnership with Villeroy & Boch (5/15/07)

May 15, 2007
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Committed to strengthening its position and level of activity in international markets, VitrA has acquired a 51% share of the tile division of Villeroy & Boch. The share purchase agreement signed in Istanbul on March 26, 2007, gives VitrA full management control of the production and marketing activities of Villeroy & Boch’s tile division. As a result, VitrA’s tile production capacity will increase to 350 million square feet.

Including Villeroy & Boch’s two tile plants in Germany and its plant in France, VitrA now operates eight tile plants. With this agreement, VitrA’s net ceramic tile sales will rise to €300 million (~ $406 million) and the number of its employees in the tile business will be 2500.

For additional information, call (770) 904-6173, fax (770) 904-6891, e-mail sema.cetiner@vitra-usa.com or visit www.vitra-usa.com. Villeroy & Boch’s website is located at www.villeroy-boch.com.

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