Private equity company EQT has appointed UBS to help dispose of the Sanitec Group, which includes Twyford Bathrooms in the UK.
Reuters has stated that a sale of the Sanitec Group could fetch up to €1billion for the Swedish private equity company.
Sanitec has 20 production sites in Europe and had net sales amounting to €777m in 2010 and employs 7,500 people.
It is not known whether Sanitec will be sold as a group or split up in a sale, nor is it understood if any interested parties have already been identified.
The sale of Sanitec could attract interest from other private equity-owned bathroom product groups and trade competitors, such as the likes of Roca, Toto or Kohler.
Marketing manager of Sanitec-owned Twyford Bathrooms, Mark Winfield commented: “We’ve been aware, for some time, that the company was being built up into an efficient organisation to be sold.”
And he added that for the Twyford Bathrooms business, “nothing has changed”.
EQT bought Sanitec in 2005 from private equity company BC Partners, which also owns German shower and tap manufacturer Grohe.
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