EMSA and WMF sold

The publicly traded SEB-Group from France took over the German manufacturer of household and garden products, Emsa.

SEB is a leading manufacturer of houshold products and small appliances under such brands as Krups, Moulinex, Rowenta and Tefal.

In addition SEB bought the German WMF Group from KKR. SEB will pay €1.02 Billion in cash, absorb debt of €565 Millions and more than €125 Million in pension liabilities.

WMF holds brands like WMF, Silit, Kaiser, Schaerer and Hepp.