Electrolux makes an important acquisition. The metal conglomerate Gränges is purchased (mines, steel works, aluminum and copper, vehicle safety belts) for SEK 725 million. The Group’s total turnover is almost SEK 23 billion, an increase of 51% compared with the preceding year.
Vacuum cleaner capacity is extended still further through the acquisition of the French company, Paris-Rhône, and the German company, Progress.
The acquisition of the Italian company Zanussi (founded 1916) including its subsidiaries in Spain, makes Electrolux the unquestioned leader in the European market for household appliances. The Zanussi purchase also makes the Group number one in food service equipment.
The white goods sector range of washing machines and tumble driers, and air conditioning is extended through the purchase of Zanker in Germany and Duo-Therm in the USA.
The third largest white goods company in the USA, White Consolidated Inc., is acquired with brands such as Frigidaire, Gibson, Kelvinator and White Westinghouse.
The Outdoor Products business area expands following new acquisitions including the US company, Poulan/Weed Eater. The metal recycling company, Gotthard Nilson, is purchased. The Group’s total annual sales are SEK 53 billion.
Electrolux purchases the first white goods division of the British company, Thorn-EMI, with brands such as Tricity, Stott Benham and Parkinson Cowan. White goods are also strengthened by the purchase of Corbéro and Domar, Spain’s leading companies in this sector.
The outdoor products business is reinforced through the purchase of American Yard Products (Yardpro). The Spanish market grows in importance. The refrigerator compressor producer Unidad Hermética is acquired. Safety belt operations are expanded in Europe.
Electrolux leading position in Europe is reinforced by the acquisition of the German Buderus Group’s manufacturing operations of white goods and food service equipment, including industrial washing machines.
An agreement is signed with Sharp Corporation on the sale of Electrolux white goods on the Japanese market.
Iron ore mining with the Lamco company, Liberia (previously owned by Gränges) ceases.
The Group winds up its operation in the sterilization and disinfection sectors. The shares of this company, Getinge Group, are listed on the Stockholm Stock Exchange in 1993.