Category Archives: SDA

Galanz launch range of small kitchen appliances

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Galanz USA has launched a new line of small kitchen appliances ( Ska ), including 6 new products, designed for space-saving and multifunctional cooking. «Our new Ska collection addresses the home cooking trends we are seeing in the marketplace –

commented Courtney Royko, senior director of product development and marketing, Galanz Americas -. Consumers are seeking affordable appliances with innovative, multifunctional, space-saving features. Through thoughtful research and refinement, Galanz created this new line of sleekly designed, feature-rich, value-priced appliances home chefs will use and enjoy for many years». The small kitchen appliance collection will start launching mid-June and rollout during Q3 at retailers nationwide.

The new Galanz Ska Collection includes the 32L digital toaster oven with quartz heating (GTS311S2EWAQ18), for 30% faster cooking. It features 12 presets such as air fry, dehydrate, pizza, toast, bagel, roast, vookie, convection, broil, rotisserie, bake, and warm. Galanz Grind & Brew Coffee Maker (GLDC12S110A), instead, is a 12-cup drip coffee maker with built-in conical burr grinder. The collection also includes the Multifunctional Air Fryer/Grill (GLSCX608S1A15) with 8 pre-programmed settings: sauté, slow cook, roast, steam, rice, grill, sous vide, and air fry, plus automatic keep warm; the Hot/Cold High-Speed Blender (GLCB60ES210A) with dedicated heating functions for cooking, 8 pre-programmed functions; smoothie, frozen drinks, milkshake, ice.

Ultimate Products acquire the Salter brand

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Ultimate Products are delighted to announce that we have agreed terms to acquire the Salter brand. Dating back to 1760, Salter is the UK’s oldest housewares brand and is the UK market leader in kitchen and bathroom scales. Since 2011, we have been selling Salter branded kitchen electrical cookware under a very successful license, and are very pleased to bring scales, kitchen electrical and cookware together under one roof as a combined offer for our customers.

Commenting on the acquisition, CEO @Simon Showman said “it will enhance and diversify our existing exceptionally strong portfolio of value-focussed consumer goods brands. We already have a close relationship with Salter and its customers as a result of our long-standing licensing agreement and we look forward to growing the brand further both in the UK and internationally in the coming years.”

Philips is to sell its domestic appliances business to Hillhouse Capital

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Philips is to sell its domestic appliances business to Hillhouse Capital with a 15 year licensing deal in the last of its re-structuring deals.

The domestic appliance business had sales of EUR2.2bn in 2020 in kitchen, coffee, garment care and home care devices as part of total sales of EUR19.2bn for Philips. The license agreement has annual payments that represent an estimated net present value of approximately EUR 700m, resulting in a total deal value of approximately EUR4.4bn. The deal is expected to be completed in the third quarter of 2021 subject to customary closing conditions. Philips and Domestic Appliances will enter into an exclusive brand license agreement to use the Philips brand and certain of Philips’ other domestic appliances brands for manufacturing, sales, and marketing globally for a period of 15 years, which is renewable subject to the terms of the brand license agreement. This will see the Domestic Appliances business presented as a discontinued operation in Philips’ financial statements from the first quarter of 2021, minimising the financial impact of losses from the Covid-19 pandemic. “I am pleased that in Hillhouse Capital we have found a new home for the Domestic Appliances business to further expand on its market leadership, strong brand and pipeline of new innovations,” said Frans van Houten, CEO of Royal Philips. The deal, which started in January 2020, continues the focus for Philips as a medical technology company, after its recent acquisition of medical data management companies, although it has kept the personal health business. “This transaction concludes our major divestments,” said van Houten. “Going forward, our focus is on extending our leadership in health technology and continuing our transformation into a solutions company supporting professional healthcare customers achieve the Quadruple Aim and consumers with their personal health.” This includes the EUR 3.2bn Personal Health businesses as part of the integrated health continuum approach through consumer-driven product and solutions innovation in areas such as oral healthcare, personal care, and mother & child care, says van Houten. “We look forward to joining forces with Philips to expand into new markets and capture more growth opportunities globally,” said Lei Zhang, Founder and CEO of Hillhouse Capital. “We are aligned with Philips’ mission to bring high quality products to support healthy and fulfilling lifestyles for consumers across the globe.” The domestic appliance business has 7000 staff and operates in 100 countries. The headquarters will remain in the Netherlands, says Zhang. “I am convinced that together with Hillhouse Capital’s deep e-commerce, supply chain and digital expertise, we will be in a great position to continue bringing meaningful innovations to the consumer’s homes,” said Henk de Jong, CEO of Philips Domestic Appliances. “Based on our market leading product portfolio, broad customer and consumer base and R&D capabilities, we are keen to keep supporting families and individuals to lead healthier and happier lives. We look forward to working with Hillhouse to capture additional growth opportunities.” Hillhouse is backed by US universities including Yale, Stanford and Princeton and has strong links in China with investments in Tencent and JD.com, but has also invested in an organic baby food and snack manufacturer called Little Freddie, a Californian craft beer maker and a pet food brand. https://www.philips.com

Start-up makers are transforming Japans electric appliance market,

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Start-up makers are transforming Japans electric appliance market, making one of a kind, practical items that are testing major set up producers like Panasonic Corp. also, Sharp Corp.

One such item is The Toaster, dispatched in 2015 by Balmuda Inc., a start up producer in Musashino, Tokyo. This new sort of toaster oven prepares bread utilizing steam, which keeps the outside of the bread wet while safeguarding the first delicate surface of the fixings.

The Toaster costs ¥23,500, a few times more than ordinary toaster ovens, it sold a record number of units among April and June 2020.

While significant makers will in general offer an assortment of models for a solitary sort of apparatus, Balmuda offers just one of every sort, expecting to speak to customers through a basic and clear deals approach.

“The items are a decent counterpart for retail chain clients, who have gotten more specific about their ways of life,” said an authority of the Hankyu Umeda Main Store in Osaka. The retail chain has a Balmuda shop.

The organization has been performing great and was recorded on the Tokyo Stock Exchange’s Mothers market in December 2020. A specialist said, “Customers may have upheld the beginning up’s message that it is top notch, particularly in this field.”

As per the Japan Electrical Manufacturers’ Association, the complete estimation of family electric apparatuses, like cooking apparatuses, fridges and clothes washers, dispatched in Japan crested at ¥2.676 trillion out of 1991 and afterward declined, contracting to ¥1.965 trillion out of 2009. In any case, volume has been on a recuperation pattern since 2010. It came to ¥2.536 trillion out of 2020, the third-most significant level ever, supported by “settling utilization” because of the novel Covid emergency.

It had been accepted that the market for homegrown electric apparatuses was not, at this point practical. Regardless of this, a whirlwind of youthful organizations entering the area somewhat recently has changed the circumstance.

Sendai-based Iris Ohyama Inc., one of these organizations, produces machines with negligible capacities at costs 30% lower than those of the significant makers. Iris Ohyama is profoundly respected for its item arranging abilities. It has a 70% portion of the market for little futon dryers, which get high evaluations for their usability.

“The significant organizations’ items are multifunctional yet costly. There are not many moderate items with thoughts, so there are a ton of chances for us,” said an authority responsible for item improvement at Iris Ohyama.

Conair Corporation To Be Acquired By American Securities

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Conair Corporation, a global leader in premium kitchen electric appliances, non-electric kitchenware, personal care, grooming, health and beauty products, and American Securities LLC, a leading U.S. private equity firm, announced today that Conair has entered into a definitive agreement to be acquired by affiliates of American Securities.  Financial terms of the transaction were not disclosed.  Certain members of the Rizzuto family will retain a minority ownership in Conair.

Based in Stamford, CT, Conair’s iconic brands include Cuisinart®, Conair®, Babyliss®, Scunci® and Waring®.  Founded in 1959 by Leandro Rizzuto, the Company started as a small hair appliance company.  Today, Conair sells its products in more than 120 countries across six continents.  

“I am proud to continue the journey I started under Mr. Rizzuto more than 40 years ago that helped us grow our iconic brands into a world class, diversified global company proudly sharing our products in millions of consumers’ homes,” said Ron Diamond, Conair’s President.  “The partnership with American Securities will allow us to continue our evolution with a focus on new product development and an acceleration of our M&A activities while continuing to bring efficiencies to our operations.”  Following the consummation of the transaction, Mr. Diamond will become President and CEO of Conair. 

“We are excited to partner with Ron and the rest of the Conair management team as they continue to execute on a strategy to expand on the exceptional brand portfolio that consumers love all over the world,” commented Kevin Penn, a Managing Director of American Securities.  “The Company’s scale, best-in-class product offering, supply chain capabilities, and strong management team creates a sustainable competitive advantage and makes Conair a strong fit for our investment strategy,” added Helen Chiang, a Managing Director of American Securities. 

Paul, Weiss, Rifkind, Wharton and Garrison, LLP served as legal counsel to Conair and Weil, Gotshal & Manges LLP served as legal counsel to American Securities with respect to the transaction.  Sawaya Partners LLC and PJ Solomon acted as financial advisors to Conair with respect to the transaction. 

About Conair
Based in Stamford CT, with operations worldwide, Conair is a leading designer, manufacturer, and marketer of branded personal care and small kitchen appliances, cookware, hair brushes & accessories, cosmetic bags, and travel accessories.  For more information, visit www.conair.com.

About American Securities
Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion and/or $50 million to $250 million of EBITDA. American Securities and its affiliates have approximately $23 billion under management. For more information, visit www.american-securities

British appliances producer Morphy Richards opens Romanian subsidiary

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Morphy Richards, the British home and kitchen appliances brand, part of Glen Dimplex group, will enter the Eastern European market in early 2021 through a Bucharest branch.

The group has a partnership with Altex in the online area and is developing partnerships with other retailers, announced Laurentiu Codescu, Head of Eastern Europe Market at Glen Dimplex.

Japanese Maker of $230 Toaster Sees Its Shares Pop Up in Debut

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Japanese Maker of $230 Toaster Sees Its Shares Pop Up in Debut

A Balmuda toaster.

Boutique Japanese appliance maker Balmuda set out to make the perfect slice of toast, using the right combination of temperature, moisture and cooking time. Now, it looks like the company will have to bring as much care and attention to its stock price.

The company behind the $230 toaster which is now being sold outside of Japan and South Korea, saw its shares double on their first day of trading on Wednesday. The stock was set to rise by its limit Thursday, potentially giving Balmuda a market value of 35.2 billion yen ($340 million). It’s a heady debut for founder Gen Terao, a high-school dropout who owns three-quarters of the company.

Since the toaster’s debut in 2015, Balmuda has expanded into a range of appliances that include a rice cooker, room fan and vacuum cleaner. Like its products, the company’s shares are on track to be expensive. They’re currently worth about 40 times last year’s earnings, a valuation more than double that of Panasonic Corp., the mainstay of Japanese appliance makers.null

“Balmuda, like its products, is easy to understand,” said Kazuo Kishi, an analyst at Ace Securities and the only one who has issued a report on the company. Although Kishi hasn’t yet rated the stock or set a price target, he expects Balmuda’s shares to climb higher this week as retail investors flock to the stock.

Balmuda, based in Tokyo’s suburbs, was the first to seek to transform the humble toaster into a high-tech, and high priced, gadget. Then last year Mitsubishi’s took on the toaster challenge and introduced the Bread Oven, a $270 gadget that makes a single slice of toast at a time. Mitsubishi’s toaster seals bread inside a metal box and transfers heat using two plates at temperatures as high as 260 degrees Celsius (500 degrees Fahrenheit).

Both have their merits. The Balmuda can take a stale rubbery croissant and turn it into a flaky delight. The Bread Oven makes exquisite French toast.

Balmuda is among several companies listing on Tokyo Stock Exchange’s Mothers market in the remaining months of 2020. The toaster maker’s shares remained untraded early on Thursday, as the number of bidders outweighed sellers.

The company will use part of the 2.5 billion yen in proceeds from the initial public offering to boost marketing by 35%, including in the U.S., and spend 600 million yen on developing new products over the next two years. While Balmuda designs and markets its appliances, production is outsourced to domestic and overseas manufacturers.

Big growth for small domestic appliances

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According to GfK data, small and major appliances faced the pandemic situation without significand drop. The Small Domestic Appliances (SDA) market grew by a solid +8.6 percent while the Major Domestic Appliances (MDA) market (including Air Conditioners) experienced limited losses of -8.6 percent in value terms. Excluding Air Conditioners the revenue loss was only -3.7 percent.
«Although the pandemic had a significant negative impact on sales due to retail shutdowns – GfK experts explains – the increased focus on the at-home experiences drove a sales recovery in May and June. Sales of appliances addressing the new challenges generated by the enforced need to “eat at home”, “clean at home” and “groom at home” soared. This includes microwave ovens, vacuum cleaners, dishwashers, beard trimmers and multi-grooming kits. However, for some categories, entire seasons were lost due to COVID-19 – for example, Air conditioners. Overall, MDA (excluding Air Conditioners) only lost -3.7 percent in value terms – even less than the total -5.8 percent for the tech & durables (TCG) market. Whatever the appliance, the overall trends driving choice for consumers of performance, simplification, health hygiene and borderless shopping have become more relevant than ever.»

Looking at the regions, in the first half year of 2020 (H1 2020), the SDA market experienced a solid performance in the developed world. Europe (including CIS) grew by +9 percent. The MDA market was almost stable at -2 percent here. Developed Asian countries also saw a strong uptake of MDA products at an +2.7 percent uptick. While affluent countries were able to invest in appliances to makes their life easier in lockdown, this was less feasible in emerging economies due to the immediate impact of the pandemic on income and willingness to spend money. Consequently, the emerging Asian countries (including China) experienced a double-digit decline in value, weakening MDA market growth. However, the low price point of SDA products and the urgent need for cooking and cleaning products supported a rapid revival of SDA in emerging Asian countries (including China). Here SDA grew by +10.9 percent. Fortunately, in June total appliances growth recovered with double digit sales growth both in China and the rest of the world.

Cuisinart Precision Master™

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The team at Good Housekeeping recently named the Cuisinart Precision Master™ 5.5-quart Stand Mixer (SM-50TQ) as the “Best Multi-Purpose Stand Mixer” in their list of, “6 Best Stand Mixers,

Precision Master™ 5.5-Quart Stand Mixer

5.5-quart capacity, polished stainless steel bowl
500-watt motor
Die-cast metal construction
12 speeds for precision mixing
Tilt-back head
One power outlet for optional attachments
Includes chef’s whisk, dough hook, flat mixing paddle, and splash guard with pour spout
Instruction/Recipe book