Samsung Electronics says to acquire US appliances maker Dacor
[SEOUL] South Korean tech giant Samsung Electronics Co Ltd said on Thursday it will acquire US-based luxury appliances maker Dacor Inc, seeking to boost high-end product sales.
Samsung said in a statement it will keep Dacor's brand name and leave its operations unchanged following the acquisition. The company did not disclose financial terms. The Korea Economic Daily said Samsung paid US$150 million to buy the California-based company.
Researcher Traqline says Samsung was the top home appliances maker in the United States during the second quarter with a 16.7 per cent market share, beating out rivals such as LG Electronics Inc and Whirlpool Corp.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials
Cordlife customers push for legal action
France's Casino supermarket chain to axe up to 3,200 jobs
Prada outshines rivals with 16% revenue lift boosted by Miu Miu
Toymaker Hasbro posts quarterly profit beat, slower sales decline
Hilton lifts 2024 profit forecast on international travel demand