Elica to purchase Air Force

Elica SpA, leader of the Group that produces cooker hoods and extractor hobs, has entered into an agreement which provides for the purchase from Urbano Urbani, minority shareholder of the subsidiary Air Force SpA, of 40% of the latter’s share capital. This operation will allow Elica to take over Air Force SpA to 100% Air Force is a company of the Group that manufactures high quality cooker hoods and hobs, characterized by a high level of customization and uniqueness. The offer is aimed at a specific market niche and is able to satisfy the customer’s needs for product customization, moving away from the mass market.

Air Force SpA was established in 1997, its mission has always been the continuous innovation of extractor hoods and induction hobs. All through study and innovation, accompanied by the desire to launch a style, to propose a Made in Italy even more focused and advanced on the selection processes, where high quality is expressed with functionality and reliability, design and innovation.

Experience, design, flexibility and innovation made in Fabriano are the characteristics that fit perfectly into the development and growth of the Elica Group.

In numbers, the Air Force achieved a turnover of approximately 31.0 million euros in 2021 and an Ebitda of approximately 1.6 million euros with a cash balance of 5.4 million euros.

New sustainability goal achieved by Elica

Elica, Italian producer of kitchen hoods and electric motors for household appliances and heating boilers, is taking yet another step towards renewable energy and more sustainable production. After announcing last January the attainment of a suitability certification for hydrogen operation of motors manufactured in its subsidiary company EMC FIME, Elica has been continuing in its path towards environmental impact reduction, thanks to a new electrical energy supply agreement stipulated with Iberdrola, one of the world leaders in renewable energy.

For 2022 this choice will allow the company to reduce its own emissions by over 4,000 tons in Italy, which equals to 20% of the total emissions of the Group. Elica Group generates a turnover of over 500 million euros, with a production platform spread out over seven sites including, Italy, Poland, Mexico and China, employing over 3,200 employees. In Italy, where most of its high-end products are manufactured, the company uses about 50.4% of the energy consumed by the whole Group.

Elica – the CEO Giulio Cocci said – is by nature a sustainable company: we have always followed a strategy that adopts ESG principles, which, over the years, has brought us to identify areas in need of improvement and put real actions into place, geared towards reducing our environmental impact. The agreement with Iberdrola comes into play in this specific scenario: we have already started the process in our Italian production sites, therefore we will significantly reduce emissions in our country.

Elica, again awards for Ikona Maxxi Pure

Iconic, technologically advanced and essential for indoor air: Ikona Maxxi Pure , the first Elica hood that integrates an air purifier equipped with the Combo pure filter, a special combination of HEPA and carbon filters that captures particles up to 1 micron, is wins new international awards .

In fact, the product wins in first place the IF Design Award , the most important international design award that is annually conferred by the IF International Forum Design in the Kitchen Products category . Thanks to its recognizable pyramid-shaped lines and through pluses of high innovation and efficiency contained in the product, Ikona Maxxi Pure is positioned as platinum at the A’Design Award in the A ‘Home Appliances Design Award category .

Elica also obtained first place at the German Innovation Award in the Excellence in Business to Consumer category , reserved for those who propose solutions that are distinguished mainly by “user centricity” and the added value of the product. Its design, in fact, for a faster action, allows the activation of the “Boost” mode. By doing so, Ikona Maxxi Pure, in just 20 minutes, completely regenerates the air of a living space of 30m², equal to the size of a medium-large kitchen combined with the living area.

The Elica hood had already obtained, last February, two other prestigious awards: the Good Design Award 2021 , in the Kitchen and Appliances category, and the Kitchen Innovation Award 2022 , in the Large Electrical Appliances category, for the criteria of functionality, ease of use. use, innovation, product benefits and design , representing a solution that perfectly meets the needs of contemporary living, where functionality and design combine to ensure comfort and well-being: it effectively eliminates odors, fumes and vapors produced by cooking while completely regenerating the air in the living area, neutralizing harmful agents and polluting particles.

Elica sustainability

After announcing last January the attainment of a suitability certification for hydrogen operation of motors manufactured in its subsidiary company EMC FIME, Elica has been continuing in its path towards environmental impact reduction, thanks to a new electrical energy supply agreement stipulated with Iberdrola, one of the world leaders in renewable energy: in 2022, Elica will be able to reduce its own emissions by over 4,000 tons in Italy, which equals to 20% of the total emissions of the Group. “Elica – said Giulio Cocci, CEO of Elica – is by nature a sustainable company: we have always followed a strategy that adopts ESG principles, which, over the years, has brought us to identify areas in need of improvement and put real actions into place, geared towards reducing our environmental impact. The agreement with Iberdrola comes into play in this specific scenario: we have already started the process in our Italian production sites, therefore we will significantly reduce emissions in our country. As a world leader in our sector, we feel the responsibility of reducing our environmental impact and we are determined to adopt this approach at all business levels and in every area of the world where we are operating. Sustainability is not just a ‘must’ that we intend to pursue with our utmost commitment and pragmatism: we are striving to make it a driver for growth”. Elica has recently established a “Sustainability Committee”, made up of an in-company team, representing all the main business areas, with the aim of identifying the impact areas and sustainable development targets for the upcoming years. In another tangible step towards environmental impact reduction and energy efficiency creation, Elica’s development plans also include investments in new photovoltaic systems, which have already been implemented in its Italian production sites

The controlling interest of Elica Pb India sold to Whirlpool India

Elica, Italian manufacturer of kitchen range hoods, announced the completion, following the fulfilment of certain bureaucratic formalities, of the transaction for the sale of the controlling interest held in Elica PB India Private Ltd., announced on September 27, 2021. Elica therefore sold to Whirlpool of India Ltd. approx 19% of the share capital of the Indian subsidiary Elica PB India Private Ltd., together with the other Indian minority shareholders disposing of an additional approx. 19%.

Following the sale, Whirlpool of India holds approx. 87% of Elica PB India Private, while Elica and the group of other Indian minority shareholders retain a holding in the Indian company with a stake of approx. 6% each. Simultaneous to the purchase of the shareholding by Whirlpool of India, Elica PB India Private Ltd. signed new product supply and license agreements for the use of the Elica brand (Trademark & Technical License Agreement) and the Whirlpool brand (Trademark License Agreement) respectively in India.

Elica S.p.A., Whirlpool of India Limited and the other Indian shareholders also signed a shareholder agreement which stipulates, among other matters, a prohibition on the sale to third parties of their respective investments in Elica PB India Private Ltd within 90 days from the approval of the financial statements of Elica PB India Private Ltd for the year ending March 31, 2024.