BSH Ends Agreement with Southwestern U.S. Distributor May 18, 2005

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U.S.-based BSH Home Appliances Corporation (BSH) announced a mutual transition agreement whereby BSH will takeover substantially all assets and operations of its U.S. Southwestern territory distributor, Freed Appliance Distributors, LP.

BSH will begin to serve the Southwestern market direct effective as of July 1, 2005. The territory covers the Southwestern U.S., which includes Texas, Louisiana, Arizona, New Mexico, Colorado, Utah, and parts of Mississippi and Nevada (including Las Vegas).

Franz Bosshard, President & CEO of BSH, states that, "This move will allow BSH direct access to some of the key builder markets in the nation and will greatly expand BSH's direct contact with independent dealers across the USA."

Scot Brown, currently in charge of BSH's Thermador brand, has been appointed to serve as General Manager of Southwestern operations for BSH.

BSH said the terms and conditions of the agreement between BSH and Freed are confidential. The appliance company said the move is unrelated to, and does not affect, any other BSH distributor.

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