Chile purchase by Electrolux to help sales grow 20 percent

Posted on August 23, 2011 • Filed under: Business, Chile, Latin America News

Swedish home appliance maker Electrolux AB’s (ELUX-B.SK) sales in Latin America will grow to represent 20% of its global sales on the acquisition of Chilean appliance manufacturer Compania Tecno Industrial SA (CTI.SN), a company executive said Monday. Electrolux acquired CTI–maker of the Fensa, Mademsa and Somela appliances in Chile and Gafa in Argentina–for around SEK4.4 billion. Read Article

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