AGA Rangemaster Group Limited is a British manufacturer of range cookers, kitchen appliances, and interior furnishings, which was acquired by Middleby Corporation[1] in September 2015 after it received a takeover approach from Whirlpool. The Group employs just over 2,500 people worldwide.[2][3]
Aga Rangemaster (formerly Aga Foodservice Group, LSE: AGA) is the manufacturer of the eponymous cast ironcooker and oven (the AGA Cooker) headquartered in Leamington Spa, Warwickshire, England.[4] The North American subsidiary of AGA Rangemaster is AGA Marvel which distributes AGA Rangemaster cooking products under the AGA brand name as well as being the manufacturer of Marvel full sized refrigeration and undercounter refrigeration products such as wine cellars, beverage centers, refrigerated drawers, etc.
In September 2015, Aga Rangemaster was acquired by the American company Middleby Corporation for £129 million.[5]
AGA Rangemaster Group Limited, owns a number of brands including La Cornue, Rangemaster, Divertimenti, Fired Earth, AGA, and Marvel. It manufactures Rayburn[6] and Rangemaster stoves, and various other kitchen equipment, cookware and kitchen furnishings.
The Rayburn range was originally a separate product that was produced in the same factory as the Aga cooker.[7][8]
History
Glynwed, later Glynwed International, was formed in 1939 through the merger of "Glynn Brothers, Builders and Plumbers Merchants of Birmingham" (engineering and plumbing materials) with sister company "The Wednesbury Tube Company" (solid drawn copper tubes). During WW2 it made a range of war equipment including brass bars for shell rings and ammunition driving bands. In the aftermath of the war, the company reverted to copper tubes and benefited from the post-WW2 housing boom.[9]
Having traded as a public company since 1941, Glynwed expanded rapidly adding additional companies to the group, including in 1969 Allied Ironfounders, the manufacturers of AGA cookers, an integrated oil burning oven system.[10] However, Glynwed was acquired by Mueller Industries Inc. (USA) in 1997, and subsequently underwent major reorganisation in 2001, with the pipes business being sold to Etex Group for £786 million, and the remainder being renamed AGA Foodservice.[11] In 2003 Rangemaster was added, and subsequently the firm was renamed Aga Rangemaster in 2008. [12]Middleby Corporation acquired the group in 2015 for £129 million, closing the Coalbrookdale manufacturing plant in 2017.[13][14][15]
Timeline
1998 - Focus on just 2 core growth activities – PipeSystems & Consumer & Foodservice
1999 - Major acquisitions in the US and North America (IPEX, Victory Refrigeration)
2000 - Group is split into Pipe Systems and Consumer and Foodservice operations.
2001 - Pipe Systems operations sold to Belgian Group, Etex, for £800m. Capital return made. AGA Foodservice Group becomes the new name for the Group.
2002 - Focus on creating a major international consumer brand-led operation. Acquisition of a stake in Grange in France provides European foothold.
2003 - AGA and Rangemaster post record performances. Acquisition of Northland - Marvel in the US.
2005 - Acquisitions of Waterford Stanley. Divertimenti and Heartland Appliances strengthens consumer offering.
2007 - Foodservice operations sold as Group concentrates on its strong portfolio of consumer brands. Capital return made bringing total return since 2001 to £600m.
2008 - AGA Rangemaster is created from the remaining consumer businesses.
2009 - Acquisition of Mercury and Thermastone cooker brands from Lincat Group plc for £0.4m in cash. US operations integrated under the AGA Marvel banner.
2011 - Redfyre Cookers and Don Heating Products businesses acquired from Gazco Ltd for £0.8m in cash.
2012 - Entered into a bilateral agreement with the Chinese gas burner appliance group Vatti[16]
AGA and Rangemaster lead the portfolio of consumer brands which include Divertimenti, Falcon, Mercury, Fired Earth, Grange, Heartland, La Cornue, Leisure Sinks, Redfyre, Marvel, Rayburn and Stanley.[2][3]
References
^Walker, H. (1996). Cooks & Other People: Proceedings of the Oxford Symposium on Food and Cookery, 1995. Oxford symposium on food and cookery. Prospect Books. p. 189. ISBN978-0-907325-72-7. Retrieved 5 July 2022.
^ ab"AGA Rangemaster Group plc". Agarangemaster.com. Retrieved 15 July 2015.
^ ab"AGA Rangemaster Group PLC, AGA:LSE profile". Financial Times. 28 August 2014. Retrieved 15 July 2015.
^"AGA.L Profile | AGA RANGEMASTER Stock". Yahoo! UK & Ireland Finance. 31 December 2014. Retrieved 15 July 2015.
^ abFarell, Sean (15 July 2015). "Aga Rangemaster sold to US company Middleby in £129m deal". The Guardian. Retrieved 15 July 2015.
^deLongchamps, Kya (25 June 2021). "Vintage View: Why our love for stoves burns on". Irish Examiner. Retrieved 5 July 2022.
^Crawford, M. (2015). Table in the Orchard, A. Random House Australia. p. 30. ISBN978-0-85798-362-6. Retrieved 5 July 2022.
^Brassley, P.; Burchardt, J.; Sayer, K. (2016). Transforming the Countryside: The Electrification of Rural Britain. Rural Worlds. Taylor & Francis. p. 126. ISBN978-1-317-00751-7. Retrieved 5 July 2022.
^Dictionary of Business Biography, Vol 5, edited by David J Jeremy
rangemaster, group, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, june, 2. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources AGA Rangemaster Group news newspapers books scholar JSTOR June 2012 Learn how and when to remove this template message AGA Rangemaster Group Limited is a British manufacturer of range cookers kitchen appliances and interior furnishings which was acquired by Middleby Corporation 1 in September 2015 after it received a takeover approach from Whirlpool The Group employs just over 2 500 people worldwide 2 3 AGA Rangemaster LimitedTypePrivateFounded1939HeadquartersLeamington Spa Warwickshire England UKNumber of employees2 500ParentMiddleby CorporationAga Rangemaster formerly Aga Foodservice Group LSE AGA is the manufacturer of the eponymous cast iron cooker and oven the AGA Cooker headquartered in Leamington Spa Warwickshire England 4 The North American subsidiary of AGA Rangemaster is AGA Marvel which distributes AGA Rangemaster cooking products under the AGA brand name as well as being the manufacturer of Marvel full sized refrigeration and undercounter refrigeration products such as wine cellars beverage centers refrigerated drawers etc In September 2015 Aga Rangemaster was acquired by the American company Middleby Corporation for 129 million 5 Contents 1 Products and brands 2 History 2 1 Timeline 3 References 4 Further reading 5 External linksProducts and brands EditAGA Rangemaster Group Limited owns a number of brands including La Cornue Rangemaster Divertimenti Fired Earth AGA and Marvel It manufactures Rayburn 6 and Rangemaster stoves and various other kitchen equipment cookware and kitchen furnishings The Rayburn range was originally a separate product that was produced in the same factory as the Aga cooker 7 8 History EditGlynwed later Glynwed International was formed in 1939 through the merger of Glynn Brothers Builders and Plumbers Merchants of Birmingham engineering and plumbing materials with sister company The Wednesbury Tube Company solid drawn copper tubes During WW2 it made a range of war equipment including brass bars for shell rings and ammunition driving bands In the aftermath of the war the company reverted to copper tubes and benefited from the post WW2 housing boom 9 Having traded as a public company since 1941 Glynwed expanded rapidly adding additional companies to the group including in 1969 Allied Ironfounders the manufacturers of AGA cookers an integrated oil burning oven system 10 However Glynwed was acquired by Mueller Industries Inc USA in 1997 and subsequently underwent major reorganisation in 2001 with the pipes business being sold to Etex Group for 786 million and the remainder being renamed AGA Foodservice 11 In 2003 Rangemaster was added and subsequently the firm was renamed Aga Rangemaster in 2008 12 Middleby Corporation acquired the group in 2015 for 129 million closing the Coalbrookdale manufacturing plant in 2017 13 14 15 Timeline Edit 1998 Focus on just 2 core growth activities PipeSystems amp Consumer amp Foodservice 1999 Major acquisitions in the US and North America IPEX Victory Refrigeration 2000 Group is split into Pipe Systems and Consumer and Foodservice operations 2001 Pipe Systems operations sold to Belgian Group Etex for 800m Capital return made AGA Foodservice Group becomes the new name for the Group 2002 Focus on creating a major international consumer brand led operation Acquisition of a stake in Grange in France provides European foothold 2003 AGA and Rangemaster post record performances Acquisition of Northland Marvel in the US 2005 Acquisitions of Waterford Stanley Divertimenti and Heartland Appliances strengthens consumer offering 2007 Foodservice operations sold as Group concentrates on its strong portfolio of consumer brands Capital return made bringing total return since 2001 to 600m 2008 AGA Rangemaster is created from the remaining consumer businesses 2009 Acquisition of Mercury and Thermastone cooker brands from Lincat Group plc for 0 4m in cash US operations integrated under the AGA Marvel banner 2011 Redfyre Cookers and Don Heating Products businesses acquired from Gazco Ltd for 0 8m in cash 2012 Entered into a bilateral agreement with the Chinese gas burner appliance group Vatti 16 2015 Acquired by the American company Middleby Corporation for 129m million 5 2017 Closed the Coalbrookdale Foundry 17 AGA and Rangemaster lead the portfolio of consumer brands which include Divertimenti Falcon Mercury Fired Earth Grange Heartland La Cornue Leisure Sinks Redfyre Marvel Rayburn and Stanley 2 3 References Edit Walker H 1996 Cooks amp Other People Proceedings of the Oxford Symposium on Food and Cookery 1995 Oxford symposium on food and cookery Prospect Books p 189 ISBN 978 0 907325 72 7 Retrieved 5 July 2022 a b AGA Rangemaster Group plc Agarangemaster com Retrieved 15 July 2015 a b AGA Rangemaster Group PLC AGA LSE profile Financial Times 28 August 2014 Retrieved 15 July 2015 AGA L Profile AGA RANGEMASTER Stock Yahoo UK amp Ireland Finance 31 December 2014 Retrieved 15 July 2015 a b Farell Sean 15 July 2015 Aga Rangemaster sold to US company Middleby in 129m deal The Guardian Retrieved 15 July 2015 deLongchamps Kya 25 June 2021 Vintage View Why our love for stoves burns on Irish Examiner Retrieved 5 July 2022 Crawford M 2015 Table in the Orchard A Random House Australia p 30 ISBN 978 0 85798 362 6 Retrieved 5 July 2022 Brassley P Burchardt J Sayer K 2016 Transforming the Countryside The Electrification of Rural Britain Rural Worlds Taylor amp Francis p 126 ISBN 978 1 317 00751 7 Retrieved 5 July 2022 Dictionary of Business Biography Vol 5 edited by David J Jeremy AGA Cookers Graces Guide AGA Foodservice Graces Guide Wednesbury Copper Tubes UK Copper Tube Manufacturers New US owners insist Aga is here to stay after 129 million deal Coalbrookdale Co Graces Guide Glynwed Graces Guide Aga s range extends to China Telegraph Retrieved 15 July 2015 Aga foundry to shut by end of month BBC News 21 November 2017 Retrieved 28 November 2017 Further reading EditMedia C 2014 How to Reduce Your Home Energy Bills Homebuilding amp Renovating Centaur Media pp 92 93 Retrieved 5 July 2022 Steafel Eleanor 4 June 2022 Why Aga anxiety is hitting the middle classes The Telegraph Retrieved 5 July 2022 subscription required External links EditOfficial website Rangemaster UKPortals Companies Cooking England Retrieved from https en wikipedia org w index php title AGA Rangemaster Group amp oldid 1122687037, wikipedia, wiki, book, books, library,
