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

Aga Acquires La Cornue
Aug 2, 2004
 Printable format
 Email this Article
 Search

Aga Foodservice Group plc announced that it has acquired La Cornue, the French range cooker business of U.S. engineering group Nortek Inc.

The cash consideration of 5.1 million euros (approx. U.S. $6.2 million) will be financed from existing cash resources. In the year ended Dec. 31, 2003, La Cornue's turnover was 8.4 million euros (approx. $10.2 million). Net assets at that date were 2 million euros (approx. $2.4 million).

La Cornue ovens, like those of an Aga, use radiant heat. The French company has a small manufacturing site near Paris and has a dealer network in France and the U.S. It also has its own shops in London, Paris and Milan.

With Aga and Rangemaster growing rapidly in the UK and expanding overseas, Aga says La Cornue brings product synergies and provides further market development opportunities.

"La Cornue is an internationally renowned brand," William McGrath, Aga chief executive said in a statement. "With our manufacturing support and linking with our established professional stainless steel ranges, we expect it to grow rapidly as Aga and Rangemaster now are."

Xavier Dupuy, La Cornue's managing director and grandson of the company's founder, added: "Under the Aga umbrella, La Cornue can be introduced to a wider international customer base appreciative of the style and cooking quality that my grandfather first made famous."

Back to Daily News

 

Daily News

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

Jul 29, 2014: Jarden Reports Record Net Sales in 2Q

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

Jul 29, 2014: TCL Will Manufacture Portable HVAC Equipment for Soleus Air

Jul 29, 2014: HVACR Contractors Outlook Remains Positive

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