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

Grundig Sold to Sampo
Jan 9, 2003
 Printable format
 Email this Article
 Search

The owner of electronics firm Grundig AG agreed to sell out to a Taiwan rival, Sampo Corp., after losses pushed the German maker of televisions to the brink of bankruptcy. Sampo signed an agreement to buy most of the 89-percent stake held by the controlling shareholder, Anton Kathrein, as well as an 11-percent stake held by a group of banks. Financial details
were not disclosed. Sampo said it would use Grundig's distribution channels to sell more of its own products, as well as selling more Grundig products in Asia. Sampo also said it might in the future put the German brand on some of its home appliances. (Associated Press)

Back to Daily News

 

Daily News

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

Aug 29, 2014: Adaptive Frequency Drive Increases Trane Chiller Efficiency

Aug 29, 2014: Vitamix President Receives Entrepreneur of the Year Award

Aug 28, 2014: LG Heat Pump Clothes Dryer Earns Emerging Technology Award

Aug 28, 2014: Early Snowthrower Demand Boosts Toro Sales

Aug 27, 2014: Sustainability Standard Launched for Household Portable and Floor Care Appliances

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows