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Electrolux Professional Group to acquire the assets of Royal Range - a US Cooking company
Prnewswire· 2025-11-11 20:58
Core Insights - Electrolux Professional Group has agreed to acquire the assets of Royal Range, a US commercial cooking company, which is expected to enhance Electrolux's cooking platform in the US market [1][3] - The acquisition aims to expand Electrolux's product offerings by integrating new product categories from Royal Range, leveraging Electrolux's strong sales force to boost sales [1][2] Company Overview - Royal Range, established in 1995, specializes in designing and producing cooking equipment such as ranges, ovens, fryers, and countertop cooking appliances, operating with approximately 40 employees from a factory in Eastvale, California [2] - The company is projected to achieve sales of around SEK 100 million in 2025, with an EBITA margin that is expected to be accretive to Electrolux's target EBITA margin of 15% [3] Acquisition Details - The purchase price for the acquisition has not been disclosed, and the transaction is anticipated to close in the first quarter of 2026 [3]
IKEA U.S. and Best Buy unveil new in-store kitchen and laundry planning centers
Prnewswire· 2025-11-05 14:01
Core Insights - IKEA U.S. is launching its first cross-brand retail experience in select Best Buy stores, aiming to enhance customer experience by making it more affordable and accessible [1][2] - The new IKEA at Best Buy experience will be available in select markets in Texas and Florida, featuring immersive planning spaces for kitchens and laundry rooms [2][3] Company Collaboration - The partnership between IKEA and Best Buy is designed to bring together design, functionality, and affordability, allowing customers to shop IKEA products through another retailer for the first time in the U.S. [4] - Both companies are committed to providing a unique shopping experience that combines home furnishing solutions with cutting-edge appliances [5] Store Locations and Launch Events - The shared retail presence is currently live in several Best Buy locations in Florida and Texas, with additional stores set to open on November 14 [3] - To celebrate the launch, exclusive giveaways and remarks from executives will be held at select locations [4] Customer Experience - The shop-in-shop experience will be staffed by IKEA employees who will assist customers in designing their spaces while shopping for appliances [5] - This innovative retail model reflects both companies' dedication to meeting customer needs in a collaborative environment [5]
CENTURY COMMUNITIES SELECTS LG ELECTRONICS AS NATIONAL APPLIANCE PARTNER
Prnewswire· 2025-09-16 10:00
Core Insights - Century Communities Inc. has partnered with LG Electronics USA to become its national appliance supplier, focusing on delivering quality and reliable home appliances to new homes across the United States over the next four years [1][2][3] Company Overview - Century Communities is recognized as one of the nation's largest homebuilders and a leader in online home sales, having been named one of America's Most Trustworthy Companies by Newsweek for three consecutive years [5][7] - The company operates in 16 states and over 45 markets, providing a range of services including mortgage, title, insurance brokerage, and escrow services through its subsidiaries [8] Partnership Details - The collaboration will introduce LG's ENERGY STAR® certified kitchen and laundry appliances to Century Communities' brands, which include Century Communities and Century Complete [2][3] - The partnership is set to commence in Q4 2025, aiming to enhance the homebuying experience with reliable and innovative appliances [3][4] Product Offering - LG will supply a core line of appliances, including refrigerators, ranges, dishwashers, washers, and dryers, known for their cutting-edge design and dependable performance [3][4] - LG Pro Builder division will also provide access to a broader portfolio of builder-centric products beyond appliances, such as advanced HVAC systems and heat pump water heaters [6][10] Market Position - LG Electronics is recognized as America's 1 appliance brand, with a strong reputation for reliability and quality, contributing to homeowner satisfaction [5][9] - Century Communities has established itself as a top 10 homebuilder, emphasizing customer service and quality construction [5]