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 France's Pavailler
Sep 9, 2004
 Printable format
 Email this Article
 Search

Aga Foodservice Group (AFG) maker of the country cottage cookers, has acquired certain assets and the operations of Pavailler, France's second-largest bakery equipment manufacturer, for 2.5 million euros (approx. U.S. $3.0 million). AFG picked up Pavailler's three French factories and its stock.

Pavailler went into administration in July 2004 primarily because of losses at its U.S. subsidiary, which has now been closed. The operations had a turnover of circa 32 million euros (approx. $39 million) and achieved a result close to breakeven in 2003. The fixed assets and stock as of Dec. 31, 2003 had a value of approximately 10 million euros (approx. $12.1 million).

AFG already owns Bongard, the market leader in France. With this acquisition, AFG is reported to have a powerful product and distribution platform together with its U.K. and Italian operations to service both is major international supermarket accounts as well as its local artisan bakery customers.

"Bakery is core to Aga Foodservice Group and acquiring Pavailler strengthens us not only in France but brings capacity and local contacts to support our international expansion plans across Europe and in the USA," commented William McGrath, chief executive of AFG.

AFG acquired La Cornue, the prestigious French range cooker business from its U.S. parent company, the engineering group Nortek Inc. in August 2004.

Back to Daily News

 

Daily News

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

Apr 23, 2014: Bosch Home Appliances Garners EPA Energy Star Partner of the Year - Sustained Excellence Award

Apr 23, 2014: AO Smith Develops Ultra-Low NOx, Compact Commercial Water Heater for California

Apr 23, 2014: Dacor Launches First North American Cooktop with Touch Control

Apr 23, 2014: Existing-Home Sales Show Slight March Decrease

Apr 23, 2014: CEA: Consumer Sentiment Down in April

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