#Sweden #Stockholm #Electrolux #Royal Range #cooking equipment

Electrolux Professional Group's Acquisition of Royal Range

In a significant move for the culinary equipment market, Electrolux Professional Group has announced its plans to acquire the assets of Royal Range. This strategic acquisition underscores Electrolux's commitment to fortifying its presence in the U.S. cooking equipment sector, expanding its product offerings and enhancing its market position.

Founded in 1995, Royal Range specializes in designing and manufacturing a comprehensive array of cooking appliances, including ranges, ovens, fryers, and countertop cooking devices. With a dedicated workforce of around 40 employees operating out of Eastvale, California, Royal Range has established itself as a notable player in the commercial cooking space.

The acquisition is deemed strategically advantageous by Electrolux, as it aligns seamlessly with its existing cooking platform in the United States. Bo Erickson, President of Business Area Food Americas at Electrolux Professional, emphasizes the importance of this acquisition, stating, "The business from Royal Range provides a strategically important addition to our existing cooking platform in the U.S. It combines and expands our product offering with new product categories in a positive and synergistic way."

By integrating Royal Range's products, Electrolux aims to leverage its robust sales force, anticipating that it will significantly boost sales for both existing and new offerings.

Financial projections suggest that Royal Range is expected to achieve sales of around SEK 100 million in 2025, attributed to its innovative product lines. The company's EBITA margin is anticipated to align positively with Electrolux's EBITA-margin goal of 15%, making it a valuable asset in terms of profitability and growth potential. While the specific purchase price remains undisclosed, the acquisition is poised to be finalized in the first quarter of 2026.

Electrolux's commitment to growth and innovation in the cooking equipment sector reflects broader industry trends towards enhanced functionality and design in culinary appliances. As the commercial cooking landscape evolves, the integration of Royal Range's expertise and Electrolux's extensive distribution capabilities is expected to result in enhanced customer offerings and service.

For further inquiries and information regarding this acquisition, interested parties can reach out to Jacob Broberg, Chief Communication and Investor Relations Officer of Electrolux Professional Group. The industry watches closely as Electrolux positions itself to capitalize on emerging opportunities in the ever-competitive cooking sector.

With this acquisition, Electrolux Professional Group not only enhances its product portfolio but also reinforces its mission to lead in innovation within the cooking equipment industry. Stakeholders are eager to see how these developments will unfold in the coming years as the company works towards closing the acquisition and implementing its growth strategies.