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

Philips Buys U.S. Consumer Electronics Supplier
Jul 8, 2004
 Printable format
 Email this Article
 Search

Philips Electronics has agreed to buy Gemini Industries, a U.S. supplier of consumer electronics and computer accessories, helping boost its global position in the high-margin accessories field, the company announced.

Philips did not give any financial details of the transaction, but said Gemini had 2003 gross sales of U.S. $200 million and 500 employees.

"Accessories are one of the fastest growing and higher-margin product categories in consumer electronics today, and represent an increasingly important part of retailers' operations," Frans van Houten, the head of Philips consumer electronics unit, said in a statement. "This makes the acquisition of Gemini a perfect fit for Philips, broadening our U.S. distribution strength and adding to our highly successful portfolio... audio-video accessories and PC peripherals at the same time."

The New Jersey, U.S.-based Gemini has a portfolio of 2,500 products and will help Philips -- Europe's top consumer electronics producer seeking to build its position in the lucrative U.S. market -- gain more shelf space in major North American retailers. (Reuters)

Back to Daily News

 

Daily News

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

Oct 31, 2014: Whirlpool Completes Acquisition of Majority Stake In Hefei Sanyo

Oct 30, 2014: Whirlpool Corp. reports strong third-quarter

Oct 30, 2014: Statistical Portrait of the European Appliance Industry Released by Appliance Magazine

Oct 30, 2014: New Whirlpool acquisition Indesit reports profit for year so far

Oct 30, 2014: Consumer Confidence Index rebounds in October

More Daily News>>

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

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

October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 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