DOMETIC ACQUIRES IGLOO WITH MORE THAN USD 400 MILLION IN ANNUAL REVENUES
On September 17, 2021, Dometic entered into an agreement to acquire Igloo – one of the world’s leading companies in passive cooling boxes and drinkware.SUMMARY · The acquisition of Igloo will significantly strengthen Dometic’s offering and distribution network for the outdoor market in North America. · Dometic will acquire Igloo for USD 677 million, on a cash and debt free basis. · Net sales of Igloo for the previous 12 months[1) ]were USD 401 million (a growth of 24%), with an EBITDA margin of 10.1%. · Sales and cost synergies are expected to generate annual improvements on