Electrolux acquires Best

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Electrolux has agreed to acquire Best, a European manufacturer of kitchen hoods. The acquisition enables Electrolux to develop a fully comprehensive offering of built-in cooking solutions and will further support long-term profitable growth in the region. “The acquisition of Best – commented Dan Arler, Head of Electrolux business area Major Appliances Europe, Middle East and Africa –
is a perfect strategic match to reinforce Electrolux capabilities for design, R&D and manufacturing of kitchen hoods, which is a key aspect in offering consumers a simply outstanding cooking experience”. Best is part of Broan-NuTone, a North American manufacturer and distributor of residential ventilation products. Broan-NuTone will continue to design, manufacture and market the Best brand of kitchen ventilation products in North America. The acquisition is subject to regulatory approvals and is expected to be completed during the third quarter of 2017.