Franke successfully completes the acquisition of Wesco
The Franke Group has successfully completed the acquisition of the Wesco Group, a premium supplier of extractor hoods and ventilation systems in Switzerland and Germany, which was announced in September. The relevant competition authorities have approved the transaction.
Wesco will be managed as an independent unit under the leadership of Barbara Borra and will complement and strengthen the offering of Franke Home Solutions, a division of the Franke Group. Barbara Borra, President/CEO of Franke Home Solutions: "We are very pleased with the rapid progress of the acquisition. Completion of the transaction and look forward to the integration of the WESCO Group. Together with the Wesco and berbel teams, we will focus on continuing to provide customers with a first-class service and building on existing relationships. This acquisition strengthens our offering in the cooker hood market both geographically and strategically and, most importantly, enables us to gradually achieve a leading position in Germany and Switzerland."
About Franke and Wesco
The Franke Group is a leading global manufacturer and supplier of solutions and equipment for domestic kitchens, professional catering and coffee preparation. The company has a global presence and employs around 7,700 people in 35 countries. Net sales amount to approximately 2.42 billion Swiss francs. The group of companies belongs to the Artemis Group, Switzerland.
Franke Home Solutions is a division of the Franke Group and the world's leading provider of intelligent systems and solutions for the home kitchen. The division operates worldwide and generates net sales of 932 million Swiss francs with around 4,200 employees in over 30 countries. The product range covers all areas of the kitchen and beyond - from preparation and cooking to cleaning, waste disposal and air treatment. The solutions offer an unrestricted living experience - simple, hygienic and environmentally friendly.
Founded in 1962, the Wesco Group is a leading company specializing in extractor hoods and ventilation systems for kitchens, homes, offices and schools. With around 280 employees at locations in Switzerland (Wesco AG), Germany (berbel Ablufttechnik GmbH) and Italy (Createc srl), the Group will generate net sales of 97 million Swiss francs in 2023. Wesco stands for high-quality extractor hoods and ventilation solutions "made for Switzerland". The Wesco Group combines outstanding expertise in ventilation and design and stands for the highest quality, efficiency and innovation.
Source: www.franke.ch
