Electrolux To Buy European Kitchen Hoods Company Best

(RTTNews) - Electrolux said it has agreed to acquire Best, a European manufacturer of kitchen hoods.

Best had net sales in 2016 of EUR 42 million and 450 employees, primarily at manufacturing sites in Cerreto d'Esi (central Italy) and Zabrze (southern Poland). The company is part of Broan-NuTone, LLC, a North American manufacturer and distributor of residential ventilation products.

Broan-NuTone, LLC, will continue to design, manufacture and market the Best brand of kitchen ventilation products in North America. The acquisition is subject to regulatory approvals and is expected to be completed during the third quarter of 2017.