Frauenthal Expands into Slovakia

People ♦ Published: April 2, 2012; 19:53 ♦ (Vindobona)

The Austrian conglomerate acquires a Slovak sanitary retailer. The automotive segment recovers, CEO Moser says.

Frauenthal Expands into Slovakia / Picture: ©

The Vienna-listed conglomerate Frauenthal acquired the Slovak sanitary retail company Technopoint. The new interest will be integrated in Frauenthal´s sanitary division SHT Haustechnik AG. Technopoint is based in Bratislava and number four in the Slovak sanitary market. The company achieved revenues of € 10m last year and employed 70 workers at the end of December. The sale price was…