Samsung Electronics America has confirmed to have entered into an agreement to acquire luxury home appliance maker, Dacor. The acquisition is Samsung’s focus to invest in home appliance market and expand into the luxury segment with the Dacor brand.
Samsung hasn’t revealed the price of the transaction but has confirmed that upon completion of the acquisition, Dacor will become a “wholly owned subsidiary of Samsung Electronics America and will maintain its corporate identity and brand, with no changes to its operations and US-based manufacturing.”
Dacor has been delivering innovative products to the luxury home appliance market for more than 50 years. We welcome the Dacor team to the Samsung family and look forward to leveraging their expertise in the luxury home appliance market while scaling their continued success in North America.