Electrolux Professional has completed the acquisition of Unified Brands

Electrolux Professional has today completed the acquisition of Unified Brands Inc and related assets. The acquisition will significantly strengthen Electrolux Professional’s presence in the US.

The acquisition was made public on October 12, 2021. The purchase price amounts to SEK 2,140m (USD 244m), on a cash and debt free basis including certain tax benefits. In connection with the completion of the transaction, Electrolux Professional has become owner of all shares in Unified Brands Inc and related assets.

For more information on the acquisition, reference is made to the press release published on October 12, 2021.

 

For further information, please contact Jacob Broberg, Senior Vice President Investor Relations and Communications +46 70 190 00 33

Electrolux Professional is one of the leading global providers of food service, beverage and laundry for professional users. Our innovative products and worldwide service network make our customers’ work-life easier, more profitable – and truly sustainable every day. Our solutions and products are manufactured in 13 plants in seven countries and sold in over 110 countries. In 2020, Electrolux Professional had global sales of SEK 7,3bn and approximately 3,500 employees. For more information, visit https://www.electroluxprofessional.com/corporate/