Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Fisher & Paykel Acquires Italian Cooking Appliance Business
Jun 15, 2006
 Printable format
 Email this Article
 Search

New Zealand-based appliance maker Fisher & Paykel Appliances Holdings Limited (F&P) acquired Elba S.p.A., a European cooking appliance maker, from De'Longhi S.p.A. for 78 million euros (approx. U.S. $97.6 million).

Elba, based near Treviso, Italy, manufactures and distributes cooking appliances including freestanding cookers, built-in ovens and cooktops. It exports to more than 54 countries with a particular strength in the United Kingdom.

"Now that our U.S. strategy is in place, the Elba acquisition provides us with the platform to achieve strategic growth in Europe," John Bongard, managing director and CEO of F&P, said. "The acquisition will also provide further geographical diversification for us, balancing our exposures to the U.S., Australian and New Zealand markets."

Elba will also introduce a range of Fisher & Paykel branded products in the Australasian market, F&P said.

According to De’Longhi CEO Fabio De’Longhi, the De’Longhi company will continue to be the exclusive distributor of De’Longhi branded cookers in the Australian, New Zealand and Italian markets.

Back to Daily News

 

Daily News

...........................................................

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

Dec 19, 2014: Strong North American PCB Order Growth in October

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows