Elica Closing of acquisition by Fuji Industrial

Elica S.p.A. communicates that on June 25, 2012, following the payment of consideration to Elica S.p.A., the operation concerning the sale to Fuji Industrial Co., Ltd. of a 3.24% holding in the Chinese company Zhejiang Putian Electric Co. Ltd. (Putian) was completed.

Putian is a Chinese company in which Elica S.p.A. now holds 66.76% of the capital, which produces and markets range hoods, gas hobs, and kitchenware sterilizers and owner of the "Puti" brand.

Fuji Industrial, leader in Japan in the production of range hoods, has been a partner of Elica since 2002, when together they created the joint venture Ariafina Co. Ltd. which designs and markets products manufactured specifically for the Japanese market under the ARIAFINA brand and which today is a leader in the high-end range hood sector.

With this operation, the Elica Group will consolidate its co-operative relationship and strengthen the partnership with Fuji Industrial.

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