GLEN DIMPLEX GROUP ACQUIRES HOME APPLIANCES, AUSTRALIA
The Glen Dimplex Group is pleased to announce it has acquired Home Appliances, an Australian business based in Sydney.
HAPL was founded in the 1990s by the Varvaressos family and was acquired by McPherson’s (ASX: MCP) during 2014.
HAPL is a significant player in the Australian Home Appliance market, with the business’ core strength being in large cooking appliances. The business has further market positions in cooktops, rangehoods, whitegoods (dishwashers, refrigeration and laundry). HAPL sells under a number of household brand names, most notably Euromaid and Baumatic..
HAPL will provide the potential to significantly strengthen our position in the Home Appliance market in Australia through the benefits attaching to having a larger scale Home Appliances business.