ECULLY, France--(BUSINESS WIRE)--Regulatory News:
Groupe SEB (Paris:SK):
Groupe SEB is pleased to announce that it has signed an agreement to acquire the EMSA company. The acquisition, submitted to approval of the German and Austrian competition authorities, should be finalized in the coming weeks.
German-based EMSA, founded in 1949, designs, manufactures and sells kitchen tools and accessories. The company's core business is focused on three categories: thermo jugs and carafes; kitchen utensils; and food storage containers. EMSA’s product offering relies on innovation and quality, combining functionality and design. Production is carried out at three industrial sites in Germany, China and Vietnam.
A well-known brand in German-speaking countries, EMSA primarily covers the core-range segment and boasts strong positions in Germany in thermoware and food storage containers, where it is the market leader. EMSA is also present in the rest of Europe and the Middle East.
Having grown solidly over the past few years, the company reported sales of €92 million in 2015.
Commenting on the acquisition, Thierry de La Tour d’Artaise, Chairman
and Chief Executive Officer of Groupe SEB, said:
“The
acquisition of EMSA constitutes a strong strategic advantage for our
continued development in the buoyant market of kitchen utensils and
accessories. The combination of EMSA's expertise and Groupe SEB's
worldwide presence will enable us to roll out products on an
international base and to extend the range, which will boost sales
growth. As such, we are delighted to welcome EMSA’s teams into
Groupe SEB.”
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The world leader in small domestic equipment, Groupe SEB operates in nearly 150 countries with a unique portfolio of top brands including Tefal, Rowenta, Moulinex, Krups, Lagostina, All-Clad, and Supor, marketed through multi-format retailing. Selling some 200 million products a year, it deploys a long-term strategy focused on innovation, international development, competitiveness and service to clients. Groupe SEB has nearly 26,000 employees worldwide.
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