Published on July 7th, 2017 | by The GC Team0
Electrolux to acquire cooker hood company Best
Electrolux has agreed to acquire Best, a European manufacturer of cooker hoods presently distributed by Britannia Living, part of Glen Dimplex Home Appliances.
Electrolux said the acquisition enables it to develop a fully comprehensive offering of built-in cooking solutions and will further support long-term profitable growth in the region.
Best had net sales of €42 million in 2016 and employs 450 people, primarily at manufacturing sites in Cerreto d’Esi in central Italy and Zabrze in southern Poland. The company is part of Broan-NuTone LLC, a North American manufacturer and distributor of residential ventilation products.
Dan Arler, Head of Electrolux business area Major Appliances Europe, Middle East and Africa, said: “The acquisition of Best is a perfect strategic match to reinforce Electrolux capabilities for design, R&D and manufacturing of kitchen hoods, which is a key aspect in offering consumers a simply outstanding cooking experience.”
Broan-NuTone LLC, will continue to design, manufacture and market the Best brand of kitchen ventilation products in North America. The acquisition is subject to regulatory approvals and is expected to be completed during the third quarter of 2017.