Announced
Financials
Tags
Cross Border
domestic appliances
Majority
Single Bidder
Acquisition
Friendly
United States
Pending
Private Equity
Household Appliance
Private
Synopsis
De' Longhi, an Italian small appliance manufacturer, agreed to acquire Capital Brands, a domestic appliances manufacturer, from Centre Lane, a private equity firm, for $420m. “This acquisition is a perfect fit for the De’ Longhi Group and is consistent with our objectives of geographical expansion and growth by external lines. Moreover, it represents a strategic value from several viewpoints: we add a young and dynamic brand to our portfolio; we enlarge our range of iconic products with an important presence in the blender segment; we increase our penetration in an expanding and strategically important market like the USA; and last, but not least, we strengthen the De’ Longhi Group’s leadership in the sector of food preparation," Massimo Garavaglia, De’ Longhi CEO.
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