The European Commission has approved Groupe SEB’s acquisition of WMF, allowing the two companies to finalize a deal first announced this past spring.
As previously reported by HOMEWORLD BUSINESS®, Groupe SEB in May announced its intent to purchase WMF, a German housewares supplier, from private equity firm KKR for $1.14 billion.
Groupe SEB officials, when initially announcing the deal, said the purchase of WMF will give Groupe SEB solid leadership in the professional coffeemaker segment, strengthen its position in the cookware segment and accelerate its development of kitchen utensils and accessories.
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