September 17, 2013: Oras, the manufacturer and supplier of water and energy savings sanitary fittings has agreed to buy Hansa Metallwerke from the pan-European private equity investor, IK Investment Partners. Established in 1911, the Stuttgart, Germany headquartered, Hansa Metallwerke supplies high-quality, innovative sanitary fittings in German-speaking European markets. The complimentary acquisition will expand operations and distribution of the respective brands.
Earlier this year, IK Investment Partners sold KWC, part of the Hansa Group, to Swiss-based kitchen specialist Franke. With the sale of Hansa to Oras, IK Investment has fully exited its investment of two years in Hansa.