Hussmann is a market leader in all of their current major markets. In Hussmann's 109 year history, the company has built strong relationships with its customers, and established a globally recognized industry leading brand. Hussmann's strength also lies in its top-level network of installation, maintenance and service sites in the U.S, Mexico and New Zealand markets.

This strategic acquisition will enable the combination of Hussmann's strengths in customer relationship, maintenance and services with Panasonic's wide-ranging technology and product lineup. Panasonic will use this synergy to drive growth and further innovation on a global basis.

Combined the company will be able to leverage core refrigeration product technology and case platforms including Panasonic's CO2 systems and foodservice products. Other synergy opportunities include LEDs, remote monitoring and other technology platforms enhance retail customer's merchandising and consumer connectivity.

Panasonic will use its own funds to acquire Hussmann for $1.545 billion dollars (approximately 185.4 billion yen). After the transaction, which is expected to be completed on April 1st of 2016, Panasonic Group will own 100% of Hussmann's shares. The completion of this acquisition is subject to approval from competition authorities in the United States and other countries as required by law.

Hussmann will serve as the base of Panasonic's food distribution business in North America and its major markets. Hussmann's current management team will stay in place to manage the acquired company under Panasonic's guidance. The Hussmann name and brand will continue to be used.
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