LIXIL Acquires Basco to Enhance Shower Solutions in the Americas

LIXIL Acquires Basco to Amplify Full Showering Solutions

Strategic Move Strengthening LIXIL's Position in the Americas Region

Piscataway, NJ - December 14, 2022

LIXIL Corporation LIXIL, listed on the Tokyo Stock Exchange with ticker symbol 5938, a globally recognized brand for innovative water and housing products based in Tokyo, is pleased to announce its acquisition of Basco. This US-based company specializes in shower door manufacturing, offering an extensive line that includes glass tempering, fabrication services, and installation expertise. By integrating Basco into its portfolio, LIXIL expand its comprehensive kitchen and bath offerings across the Americas region.

LIXIL is committed to providing consumers with a seamless purchase journey and full-shower solutions. We are excited to welcome the talented Basco team as part of our family. This strategic acquisition aligns with our growth strategy in the Americas and strengthens our position as a leading player in the shower enclosures and doors segment, stated Trey Northrup, Leader of LIXIL's Americas region.

Basco was established in 1955 by a dedicated family-owned business that has been supplying high-quality custom shower enclosures for over seven decades. The company boasts an impressive operational footprint across the United States, with notable presence on the East Coast, Midwest, and Southeast regions. This strategic acquisition positions LIXIL as one of the top four players in the market for shower enclosures and doors.

The Basco team's expertise is complemented by LIXIL's strengths in aluminum products and supply chn management capabilities, enabling both companies to develop innovative total-shower solutions together. Furthermore, Basco offers industry-leading lead times for custom shower door installations and boasts a unique ability to ship stock doors within just two days, significantly enhancing the speed and efficiency of LIXIL's offerings.

We are proud of Basco's legacy in creating high-quality shower enclosures with both aesthetic beauty and innovative features. By joining forces with LIXIL, we will accelerate our growth trajectory and expand our market presence across the United States, sd George Rohde, President CEO of Basco Manufacturing Company.

Upon closing this acquisition, all Basco employees will be retned by LIXIL. The company ints to mntn its operations as a standalone business unit for the foreseeable future.

LIXIL is renowned in the Americas for leading brands such as American Standard, GROHE, DXV, INAX, LIXIL Home Services, and Amstan. For more information about LIXIL's pioneering initiatives and products that are revolutionizing home solutions worldwide, visit https:www.lixil.com.

Contact Information:

Payal Raj

Eml: [email protected]

Carly Sylvester

Eml: [email protected]
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