Bissell expands its commercial offerings
Via the acquisition of Sanitaire from Electrolux in 2018, Bissell Inc., one of the nation’s leading manufactures of residential vacuums and cleaning equipment, is now manufacturing similar products for the commercial market. Overall, Bissell has made this acquisition in an attempt to capture more revenue as well as serve a larger market with the same professionalism and expertise they bring to the residential market. Overall, this move should allow for less sales volatility as well as increase product offerings and diversity, also helping to even out sales as declines in one segment may be made up for by increases in another.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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