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M&A Deal Summary

Electrolux Group Acquires Cushion Cut

On December 29, 2000, Electrolux Group acquired machinery company Cushion Cut from Boart Longyear

Acquisition Highlights
  • This is Electrolux Group’s 2nd transaction in the Machinery sector.
  • This is Electrolux Group’s 2nd transaction in the United States.
  • This is Electrolux Group’s 1st transaction in California.

M&A Deal Summary
Date 2000-12-29
Target Cushion Cut
Sector Machinery
Buyer(s) Electrolux Group
Sellers(s) Boart Longyear
Deal Type Divestiture

Target

Cushion Cut

Torrance, California, United States
Cushion Cut is a manufacturer and distributor of diamond tools and equipment for the construction industry.

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Buyer(S) 1

Buyer

Electrolux Group

Stockholm, Sweden
Category Company
Founded 1901
Sector Consumer Products
Employees41,000
Revenue 136.2B SEK (2024)
DESCRIPTION
Electrolux plant in St. Cloud, Minnesota.
Electrolux plant in St. Cloud, Minnesota.

Electrolux Group is a multinational household and professional appliances manufacturer. Electrolux Group was founded in 1901 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 6 of 18
Sector (Machinery) 2 of 5
Type (Divestiture) 3 of 4
State (California) 1 of 2
Country (United States) 2 of 6
Year (2000) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-20 Email Pty - Household Appliances

Waterloo, Australia

Email Pty Ltd. - Household Appliances is a manufacturer, distributor and marketer of white-goods in Australia and New Zealand (such as refrigerators, freezers, cookers, washing machines, dryers, dishwashers), the manufacture of white-goods components, as well as import and export of white-goods into and from Australia.

Buy AU$485M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-31 Electrolux Haustechnik

Germany

Electrolux Haustechnik GmbH is a manufacturer of products for water and room heating under the brand names AEG and Zanker.

Sell -

Seller(S) 1

SELLER

Boart Longyear

Salt Lake City, Utah, United States
Category Company
Founded 1890
Sector Energy Services and Equipment
Employees4,333
Revenue 1.1B USD (2023)
DESCRIPTION

Boart Longyear is a provider of drilling services, orebody-knowledge technology, and innovative, safe and productivity-driven drilling equipment. The Company’s primary focus is on mining and exploration activities spanning commodities including copper, gold, nickel, zinc, uranium, and other minerals. Boart Longyear was founded in 1890 and is based in Salt Lake City, Utah.

DEAL STATS #
Overall 1 of 3
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 3
State (California) 1 of 1
Country (United States) 1 of 2
Year (2000) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-25 Barat Ceramics

Auma, Germany

Barat Ceramics is a manufacturer of electronic and measurement components, metal-ceramic composites, ceramic wear components and ceramic parts for ballistic applications, particularly for armour-clad vehicles.

Sell -
Mergr

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