Electrolux acquires diamond tool and equipment manufacturer Magnum Diamond & Machinery Inc.

Dimas, a part of the Electrolux Group, has acquired Magnum Diamond & Machinery Inc. Magnum is a respected American manufacturer and distributor of road-saws and diamond tools for the construction market.

Magnum, located in Kansas City, Missouri, USA, currently employs 45 people. In 1999 sales were approximately USD 11 million. The company will be an integral part of Dimas’ diamond tool and equipment business.

The product line Industrial Products, part of Electrolux Professional Outdoor products, is made up of Dimas and Partner Industrial Products, both manufacturers of equipment for cutting, grooving, and drilling hard materials. The product line’s annual sales is SEK 1 billion and will after the acquisition employ 550.

For further information contact:
Anders Ströby, +46 31-94 90 09