Monday 28 November 2022

Italy’s De’ Longhi among shortlisted bidders for WMF

The deal that may earn private equity firm KKR more than $1.7 billion. Final bids are due by mid-May.

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MILAN – KKR & Co LP (KKR.N) has received takeover bids for German cutlery and coffee machine maker WMF Wuerttembergische Metallwarenfabrik AG (WMF).

Shortlisted suitors include China’s Joyoung Co Ltd and KingClean Electric Co Ltd as well as and other global brands such as Italy’s De’ Longhi SpA, France’s Groupe SEB, which owns the Moulinex brand, and Sweden’s Electrolux AB (ELUXb.ST).

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