Appliances Brand SMEG Acquires La Pavoni
SMEG, the Italian domestic kitchen appliances brand, has announced its acquisition of La Pavoni, an Italian company known for the production of high-quality domestic and commercial espresso machines.
The acquisition will make it possible for the two companies to share their manufacturing know-how and product lines as well as their "Made in Italy" philosophy moving forward, according to the announcement by SMEG.
Founded in 1905, La Pavoni was a pioneer in the commercial espresso machine industry, and has, over time, become known worldwide as a producer of quality espresso coffee machines among a wide range of associated products. Similar to SMEG, which was founded in 1948 and is positioned in the high-end premium appliances market, the La Pavoni brand is positioned along the same lines in parallel with SMEG, with its emphasis on form, ergonomics and function.
With the acquisition, SMEG said, it looks forward to announcing additional product updates.