Kleenmaid gets clean break.
News: January 6, 2010. Sydney Morning Herald, Courier Mail.
Compass acquires Kleenmaid brand.
Media Release: August 25, 2009. Sydney, Australia. Cannings Corporate Communications.
The Compass Capital group confirmed today that it had acquired the rights to the Kleenmaid brand of home appliances and will launch a new line of Kleenmaid kitchen and laundry products in the first quarter of 2010.
Compass is finalising a proposal whereby Kleenmaid customers that had monies on deposit with the former Kleenmaid Company will be offered an opportunity to acquire Kleenmaid products at a discount.
Further details about the opportunity can be obtained by customers applying to firstname.lastname@example.org.
Compass is currently negotiating with national retail chains and it is proposed that the new range of Kleenmaid appliances will be available in selected retail outlets early in the New Year.
Kleenmaid has approximately 500,000 customers and in excess of 1.2 million Kleenmaid products have been sold in Australia.
Compass is committed to continuing with the Kleenmaid tradition of searching the globe for the very latest advances in appliance technology and developing them for the Australian market.
The Compass Capital group has no association with the Kleenmaid group of companies that are in liquidation.
Cannings Corporate Communications
John Hurst 02 8284 9901, 0418 708663
Kathryn Lamond 02 8284 9992, 0424 465464
Compass Capital Partners, a part of the Compass Capital group (compasscapitalpartners.com.au) is a Sydney-based independent private equity firm, specialising in investing in underperforming companies that have a clear path to turn around.
Information for Kleenmaid Customers