Who bought Pfaff?
Conclusions. While there was little fanfare or any major press about lithia’s acquisition of pfaff auto, its entry into canada has the potential to shape the next consolidation phase of canada’s retail automotive dealership space. In this replay of the sept. Automotive news canada podcast, pfaff ceo chris pfaff explains how u. s. lithia motors went from “kicking tires” to buying pfaff automotive partners “on our terms. Pfaff also talks about why the deal was good for his company, and what’s next.
Who is the owner of Pfaff?
Current president and CEO of Pfaff Automotive Partners Chris Pfaff, who assumed control in 1986, is the son of the founder Hans J. Pfaff is a German sewing machine company whose genesis dates back to the 1860s. For many years they had a factory in Kaiserslughten, Germany that made all of their machines, though they eventually opened another factory in Czechoslovakia.In 1999, Pfaff was bought by Husqvarna Viking, and in 2006, it became part of SVP Worldwide—a corporation that also owns the Husqvarna Viking and Singer sewing machine brand. Most SVP’s machines are made in China, although Singer states that they manufacture their products in Brazil, China, Taiwan, and Vietnam.PFAFF (German: PFAFF Industriesysteme und Maschinen AG, PFAFF Industrial) is a German manufacturer of sewing machines and is now owned by the SGSB Co. Ltd.