Groupe SEB to Acquire Majority Interest in Imusa

ECULLY CEDEX, France--Global housewares giant Groupe SEB has acquired a majority interest in Imusa, the Colombian-based cookware company, following approval from Colombian competition authorities. Because Imusa is on the Bogota Stock Exchange, a delisting offer will be launched, according to a statement from Group SEB. Groupe SEB expects the transaction to be completed in February 2011, after the time allowed to comply with stock market regulations, and will then hold at least 94.17 percent of Imusa's capital. 

Imusa's revenue was almost $85 million for the nine months ended September 31, 2010, an approximate increase of 15 percent over the prior-year period. Now 75 years old, Imusa has offices throughout North, Central and South America.  Imusa USA is based in Doral, Fla., outside Miami.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

Videos

Current Issue

  • HFN May digital issue

    HFN's DIGITAL EDITION

    May 2017


    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    ALSO IN THIS ISSUE:

    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money