Villeroy & Boch Acquires St. Thomas Creations' Parent
The purchase price was not disclosed, but the acquired operations posted sales in 2005 of $60 million.
St. Thomas and Vitromex will continue to operate independently of Villeroy & Boch with their own management and selling and distribution channels, according to Frank Goering, worldwide leader of Villeroy & Boch's Bath and Wellness division.
“Nothing is going to change,” he said. “The companies will be run separately just as they are now.”