Whirlpool confirms non-binding Aga bid
President of Whirlpool AMA Esther Berrozpe reports “Aga might be an opportunity” to become number one in cooking
President of Whirlpool EMEA Esther Berrozpe confirmed Whirlpool had made a non-binding bid for Aga at consumer electronics and household appliance exhibition IFA, in Berlin.
It is a move which could challenge the £129.2million offer by Viking owner Middleby Corporation, agreed in principle by Aga at the end of July.
Whirlpool will host a shareholder meeting with Aga on September 8, to find out whether its bid has been successful.
Sponsored Video
Speaking at IFA, which was the first time Whirlpool showcased all its global brands since its acquisition of the Indesit Company, Esther Berrozpe spoke of its aim to become the leader in cooking across Europe.
Answering Kitchens & Bathrooms News’s question from the floor if Aga would join the Whirlpool portfolio to help Whirlpool achieve its ambition, Berrozpe revealed “Aga might be an opportunity.”
She responded: “As we think about becoming the leaders in cooking, we are looking for any opportunities – of course organic growth and leveraging the great portfolio that we have – but also using merger and acquisitions as an opportunity to accelerate that. Having said that, acquisitions are not [at] the core of our strategy.”
She continued: “We want to continue developing our brands and driving organic growth…but of course we are always looking for opportunities and if we find the right opportunity that fits in our long-term strategy from the brand and product perspective – we go for it.”
Related Articles
#socialwall
Sintered stone manufacturer Neolith has launched Calacatta Roma and Cappadocia Sunset, inspired by nature and classical architecture, and for use in kitchens or bathrooms walls, floors, in gardens or facades.
They belong to The New Classtone and Fusioncollections which interpret marble and natural stone, respectively, and boast Neolith’s antibacterial NeolEAT technology.
Inspired by Ancient Rome, Calacatta Roma (pictured top) pays homage to Italian Carrara marble, with ochre and grey veins in a white background.
While the Cappadocia region, in central Turkey, with its rock formations formed by volcanoes and underground cities, has inspired Cappadocia Sunset (pictured below).
Just like all of Neolith’s surfaces, Calacatta Roma and Cappadocia Sunset are resistant to heat and atmospheric conditions, are 100% recyclable, and do not contain added quartz to their formulation.
Mar 14, 2024
JUST OUT: @AcquabellaBath has unveiled a choice of shower grate patterns for its Base and Arq shower trays… https://t.co/kMN83c40Qf
JUST OUT: @FrankeUK unveils Mythos single lever mixers in Swivel Spout and Pull-out Nozzle options. #kitchendesign https://t.co/TSKCAo5r0e
INTERVIEW: Sales and marketing director of @blumuk David Sanders on how the kitchen industry has changed post-pand… https://t.co/k9LIpUhhDF
NEWS: Challenging housing market is driving home improvements, finds new research by @HafeleUK #HomeImprovement… https://t.co/eMB7jludIm
NEWS: British manufacturer @kudosshowersltd acquired by European SanSwiss. #acquisition #manufacturers #bathrooms https://t.co/gpOv7jMevn
NEWS: @HafeleUK announces Richard Curtis as managing director. #newhire #appointment #leadership https://t.co/NP8U5ramOb
NEWS: @officialbikbbi names CT1 sealant manufacturer as corporate sponsor. #installation #installer https://t.co/8zsxs2HI3n
NEWS: @quookeruk named one of fastest-growing companies in North West. #business #Awards https://t.co/9zZ1ZDGrFI
RETAILER FOCUS: Managing director and design director of UK Kitchen Retailer of the Year @KitchensbyJSG Jim Geddes… https://t.co/JhL3vmxwbd
NEWS: Consumers are renovating for long term, with kitchens and bathrooms a priority, finds @HouzzUK… https://t.co/9VhoTUDI0B
PROFILE: Managing Director of Flair Showers Alan Wright talks about the relaunch of the company, creation of a Show… https://t.co/WDMPqDt2Uk
The new @blumuk carbon black LEGRABOX boasts beautifully slim drawer sides, bringing furniture onto trend, easily b… https://t.co/DrEXXWTyQb
NEWS: House of Fraser owner @FrasersGroupPLC enters strategic partnership with @ao, buying a stake in the online e… https://t.co/44N0O9bekn
NEWS: @HowdensJoinery awarded @WhichUK Best Buy for its rigid cabinets and handleless kitchens. #kitchen… https://t.co/rALz8XRHbv
NEWS: @grohe invites 800 guests from around the world to its Grohe X Professional event in Lisbon, Portugal.… https://t.co/2RGjDum980
JUST OUT: Home appliance brand Candy has unveiled the Rapido dishwasher, claimed to be the fastest and most spaciou… https://t.co/mbWn2pJp2C
Newsletter
Sign up to receive our newsletter and we’ll send you details of our latest videos, competitions and much more