Electrolux and Laundrylux announce Electrolux Professional to become a stand-alone public company

Electrolux Professional, the professional laundry and professional kitchen equipment division of Electrolux has entered the process of becoming a stand-alone public company in 2020. Its partner will be Laundrylux – the sole distributor of Electrolux Professional products in North America.

According to Staffan Bohman, Chairman of the Board of Directors of AB Electrolux:  “Electrolux Professional is the only supplier in the professional appliances space with a full and integrated offer under one brand. As such, it has significant potential for long-term value creation as an agile stand-alone company, which can pursue growth through market consolidation and innovation.”

Neal Milch, Executive Chairman of Laundrylux, states: “Consistent with our announced strategy to catalyse consolidation of the professional laundry industry in North America and worldwide, Electrolux Professional as a public company will have a traded stock to fund acquisitions. The public listing in 2020 is consistent with our liquidity pathway and strategic cooperation.” And John Sabino, CEO of Laundrylux, observes:  “Electrolux Professional is a world leader in two distinct platforms, commercial laundry and kitchen equipment, with world-class manufacturing, R&D, distribution, and brands. Combined with our North American market strength, financial services, and our R&D capabilities, the stage is set for accelerating global growth.”