12 November 2008

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Elica buys German company Gutmann


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With the 100% acquisition of Gutmann, the leading company in the German market for the production of cooker hoods, the ever-expanding Elica family is proud to welcome a new member and another language to its already richly cosmopolitan international tapestry.
The Gutmann company, a real jewel in the cooker hood sector,produces high-end, high-performance, customised hoods, and though it may be a small company compared to Elica, with just 100 employees, its figures in terms of earnings, profit margins and growth trend make it an exciting proposition.
At its home base in Muhlacker, Gutmann painstakinglycreates tailor-made design models specifically aimed at meeting the detailed personal requirements of its customers, and with its highly specialised type of products completes the range that the Elica Group offers, enabling it to cover all areas of the market and reinforcing the position of its brand in the highest segment, as well as consolidating its presence in Germany and other European areas.
The complementary nature of the combination – design, the distinctive feature of Elica products, together with the “tailor made” characteristics that distinguish the products of Gutmann – makes this acquisition a winning strategy.