SOURCE: Hamilton Beach Brands, Inc.

Hamilton Beach Brands, Inc.

May 13, 2014 08:00 ET

Hamilton Beach Brands, Inc. and Sub-Zero Group, Inc. Enter Into an Exclusive Agreement

RICHMOND, VA--(Marketwired - May 13, 2014) - Hamilton Beach Brands, Inc., a leader in small household appliances, announced today it has entered into an exclusive multi-year licensing agreement with Sub-Zero Group, Inc. to create a line of luxury counter top appliances and kitchen tools under the Wolf Gourmet brand name. The Wolf Gourmet products will be positioned to complement Wolf appliances in the kitchen. Hamilton Beach will develop, market and sell Wolf Gourmet products at select retailers. The premium line will also be available to consumers through the Sub-Zero and Wolf distributor and dealer network and supported by Wolf's best-in-class Customer Care team. A U.S. product launch is planned for spring 2015, and globally at a later date.  

"We are extremely pleased to have Sub-Zero Group as a partner and are confident our collaboration will leverage Hamilton Beach's strong heritage in small kitchen appliances. In particular, we have been making premium commercial products for restaurants and professional chefs for over 100 years," said Greg Trepp, president and CEO, Hamilton Beach Brands, Inc. "We look forward to our collaboration with Wolf Appliance, Inc., a company that shares our rich history of developing exceptional products with the high standards of quality, state of the art technology, and thoughtful, innovative design our customers demand. With Wolf Gourmet, we've maintained the impeccable workmanship for which Wolf is known, promising many years of enjoyment, for discerning consumers who are passionate about cooking."

"Hamilton Beach's commitment to product development, combined with its experience in developing and marketing commercial products, makes them an excellent partner for Wolf and our unique luxury portfolio," said Jim Bakke, president and CEO of Sub-Zero Group, Inc. "In Wolf Gourmet's line of counter top appliances and kitchen tools, owners can expect the same impeccable quality and unmatched performance that Wolf incorporates into each oven, range and cooktop. Our goal is to provide home cooks products that marry beautiful design with superior performance for the kitchen. We feel we've successfully reached that goal with our new line of Wolf Gourmet products."

About Hamilton Beach Brands, Inc. 

Hamilton Beach Brands, Inc. is a leading designer, marketer and distributor of small electric household appliances, as well as commercial products for restaurants, bars and hotels. Hamilton Beach products can be found in households and business throughout the world. Hamilton Beach Brands, Inc. is a wholly-owned subsidiary of NACCO Industries, Inc. (NYSE: NC), and is Headquartered in Richmond, Virginia. Information on innovative Hamilton Beach®, Proctor Silex®, TrueAir®, Hamilton Beach® Commercial, eclectrics®, products can continue to be found online at www.hamiltonbeach.com, www.proctorsilex.com and www.commercial.hamiltonbeach.com

About Sub-Zero and Wolf 

Sub-Zero Group, Inc., headquartered in Madison, Wis., manufactures the global premium appliance brands Sub-Zero and Wolf. Founded in 1945, Sub-Zero, Inc. is the leading manufacturer of American-made luxury refrigeration, freezer and wine storage products. Specializing in food preservation, Sub-Zero pioneered the concept of dual refrigeration and prides itself on being the first company to store frozen foods at ultralow, "sub-zero" temperatures. In 2000, the Wolf brand was created as the premier maker of residential cooking appliances and joined Sub-Zero, establishing the brands as corporate companions and kitchen soul mates. In its third generation of family ownership, the privately held company also operates manufacturing facilities in Fitchburg, Wis., and Goodyear, Ariz. Both brands are continually recognized for the highest achievements in refrigeration and cooking innovation, and customer satisfaction. For more information about Sub-Zero and Wolf, visit subzero-wolf.com or follow us on Facebook at facebook.com/subzerowolf or Twitter at @subzerowolf. For Sub-Zero and Wolf Customer Care, call 800-222-7820.

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