KOHLER, WI — Kohler Co., in a move aimed at “deepening the focus and investment in its kitchen & bath and hospitality businesses,” has announced a decision to establish Kohler Energy as a separate, independent business.
The Kohler, WI-based plumbing products manufacturer, whose kitchen/bath-related holdings include Ann Sacks, Kallista, Robern, and Jacob Delafon, termed the decision “a bold and strategic move for the future of our company.”
Platinum Equity has been engaged as a majority investment partner in the business, while Kohler Co. will continue to stay invested in the energy business following the closing of the transaction.
“The timing is right, due to the strength of the energy business, which is driven by world-class products manufactured and sold by highly skilled associates,” said David Kohler, Chair and CEO of Kohler Co. “I look forward to supporting the Energy business through our continued investment along with my role on the board following the closing.” Brian Melka, group president/Kohler Energy, will serve as CEO of the Energy business.
Kohler Energy for decades has provided mission power solutions to homes, businesses and equipment through a portfolio of backup and prime power equipment, traditional and electrified powertrain technologies, and home energy solutions. Platinum Equity is a global investment firm with approximately $47 billion of assets under management.
While Kohler Co. and Platinum Equity must complete several milestones and legal requirements, the transaction is expected to close in the first half of 2024, the company said. Until then, Kohler Co. will operate as one company, corporate officials added.