The Franke Group has successfully completed the acquisition of the WESCO Group, a premium supplier of extractor hoods and ventilation systems in Switzerland and Germany, which was announced in September. The relevant competition authorities have approved the transaction. WESCO will be managed as a separate entity under the leadership of Barbara Borra, president/CEO of Franke Home Solutions, and will complement and strengthen the portfolio of Franke Home Solutions, a division of Franke Group.
Barbara Borra said: "We are very pleased with the swift completion of the transaction and look forward to the integration of the WESCO Group. Together with the teams of WESCO and berbel, we will continue to focus on delivering first-class service to customers and building on existing relationships. This acquisition strengthens our offering in the market for extractor hoods geographically and strategically and, above all, offers us the opportunity to gradually achieve a leading position in Germany and Switzerland.”
Franke Group, headquartered in Aarburg, Switzerland, is a leading global manufacturer and provider of solutions and equipment for domestic kitchens as well as for the professional foodservice sector and coffee preparation.
WESCO Group is a leading company specialising in extractor hoods and ventilation systems for kitchens, homes, offices and schools. With around 280 employees at locations in Switzerland, Germany and Italy, the group reported annual net sales of 97 million Swiss francs in 2023.
