OLATHE, Kan. — In February 2005 the Electrolux Group announced its intent to separate the outdoor product sectors from Electrolux as part of a strategic re-focus by dividending it to the shareholders. The board of directors of Electrolux recognized limited synergies between indoor and outdoor products and believes the separation will benefit from an even stronger focus on continued profitable growth. This process is expected to be complete by mid-2006.
The new outdoor group will be named Husqvarna AB. As an important component of the new Husqvarna AB, Electrolux Construction Products changed its name to Husqvarna Construction Products.
The company's brands, including Dimas, Diamant Boart, Partner, Target and Felker, will continue to be marketed, sold and serviced by the company's existing team and structure.
