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

Salton Ups Stake In South African Appliance Maker
Feb 12, 2003
 Printable format
 Email this Article
 Search

Salton today said it offered to increase its interest in Amalgamated Appliance Holdings Limited to a majority stake. Salton, Inc.'s wholly-owned subsidiary, Salton Hong Kong Limited, offered to increase its 30.8-percent interest in Amalgamated to 52 percent. Amalgamated manufactures and distributes appliances and electrical accessories, primarily to the South African market.

Salton made an initial investment in Amalgamated in 1999. The new all-cash transaction is valued at approximately $6.0 million and is expected to close in the spring of 2003, subject to closing conditions customarily associated with South Africa transactions.

"Based upon the success of our initial investment, we are looking forward to further strengthening our relationship with Amalgamated," said Salton CEO Leonhard Dreimann. "Furthering our successful strategy to increase Salton's international market share, we believe this transaction will provide for continued growth and expansion of our brands and product categories, such as George Foreman and Westinghouse, in the South African market."

Salton, Inc. is a leading U.S-based designer, marketer, and distributor of small appliances under brand names such as:

  • Salton(R)
  • George Foreman(TM)
  • Toastmaster(R)
  • Breadman(R)
  • Juiceman(R)
  • Juicelady(R)
  • Farberware(R)
  • Melitta(R)
  • Russell Hobbs(R)
  • Tower(R)
  • Haden(R)
  • Westinghouse(R)

    Salton also designs and markets tabletop, time, lighting, and personal care and wellness products. Brands include:
  • Sasaki(R)
  • Calvin Klein(R)
  • Ingraham(R)
  • Westclox(R)
  • Big Ben(R)
  • Spartus(R)
  • Timex(R) Timers
  • Stiffel(R)
  • Ultrasonex(TM)
  • Relaxor(R)
  • Carmen(R)
  • Hi-Tech(R)
  • Mountain Breeze(R)
  • Salton(R)
  • Pifco(R)
  • Starck(R)

    Back to Daily News

  •  

    Daily News

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

    Nov 26, 2014: Hamilton Beach 3Q income down slightly

    Nov 26, 2014: LG's sales of Inverter Linear Compressor refrigerators top 10 million

    Nov 25, 2014: Robotics Exhibits Grow 25% at 2015 CES

    Nov 25, 2014: Index shows HVAC/R contractors more positive than last year

    Nov 25, 2014: Consumer Confidence Index Declines

    More Daily News>>

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

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

    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
    June 2014: Appliance Magazine Market Insight: April 2014




     
    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