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    Noritz Corporation announces Dux Manufacturing acquisition

    Noritz Corporation

    Leading Japanese manufacturer of household water heaters Noritz Corporation announces the acquisition of Dux Manufacturing Limited, marking Noritz’s full-scale entry into the Australian water heater market. Noritz acquired Dux from the GWA Group for $46 million.

    Dux is one of Australia’s leading manufacturers of storage-type electric water heaters, while Noritz specialises in continuous flow gas heaters. Japan is the world leader in hot water systems and one of the world’s highest users of hot water; following this acquisition, all major brands in the Australian market are now Japanese owned.

    Dux CEO Simon Terry commented that Noritz has a clear focus on hot water, producing over two million water heaters annually. He added that Dux will benefit from Japan’s global leadership in hot water systems.

    Soichiro Kokui, President and CEO of Noritz said that they looked forward to working together with Dux staff and network to achieve further growth of the Dux business. He added that Noritz will bring a significant amount of water heating technology, new products and expertise to the Dux business, helping contribute to a very strong and exciting future.

    Dux is headquartered in Moss Vale at the site of its manufacturing plant, and has plans for new offices in Sydney and Melbourne.

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