Danby Products Acquires MicroFridge

GUELPH, Ontario, Feb. 8 /PRNewswire/ -- Danby Products, one of the largest appliance marketing companies in North America, today announced that it has acquired MicroFridge® (Intirion Corporation) from Mac-Gray Corporation (NYSE: TUC).

MicroFridge sells a proprietary line of appliances for small space living environments, primarily combination refrigerators/freezers/microwave ovens utilizing its Safe Plug® circuitry.  The products are marketed throughout the United States to colleges, hotels and motels, and assisted living facilities, as well as to the federal government for military housing.  

"MicroFridge represents a natural complement to our extensive line-up of compact, specialty and home comfort appliances," said James E. Lightfoot, President of Danby Products.  "Traditionally, our strength lies in offering innovative products that match consumers' lifestyles and are sold in retail markets in the United States and Canada.  This acquisition enables us to increase our penetration of U.S. wholesale markets where MicroFridge is an established brand and recognized leader, including the academic, government, hospitality and office sectors."

"Danby and MicroFridge are a great fit, because Danby is a well-respected company and one of the leading appliance suppliers in North America," said Stewart G. MacDonald, Chief Executive Officer of Mac-Gray.  "We are confident that MicroFridge employees and customers will be well-served in their relationship with Danby going forward."

"In joining the Danby family, MicroFridge employees will be joining a peer company with more than 60 years of experience in the household appliance market," said Lightfoot.  "MicroFridge customers can rest assured that the integration with Danby will be seamless, with no disruptions in service.  Customers will continue to work with the same MicroFridge sales representatives they have come to know and trust."

Danby intends to maintain the MicroFridge brand, retain all current MicroFridge employees and maintain the corporate office at the MicroFridge facility in Walpole, Mass.

About Mac-Gray Corporation

Founded in 1927, Mac-Gray derives its revenue principally through the contracting of debit-card- and coin-operated laundry facilities in multi-unit housing facilities such as apartment buildings, college and university residence halls, condominiums and public housing complexes. Mac-Gray manages approximately 88,000 laundry rooms located in 43 states and the District of Columbia. Mac-Gray also sells and services commercial laundry equipment to retail laundromats and other customers through its product sales division. To learn more about Mac-Gray, visit the Company's website at www.macgray.com.

About Danby Products

Founded in 1947, Danby Products is one of North America's largest household appliance marketing companies.  Danby's strength is in identifying and developing innovative, quality products at competitive pricing that fit the lifestyles of today's consumers.  The Company's products are marketed under six retail names: Danby®, Danby Designer®, Danby Diplomat®, Danby Premiere®, Simplicity® (Canada only) and Danby Silhouette®, as well as private brands for major retail stores.  All of Danby's products meet and exceed all environmental safety standards and offer UL, CSA, NRTL and ETL recognized standards approvals.  For more information on Danby and its products, please visit www.danby.com. 

    
    
    Contacts:
    
    James E. Lightfoot
    President
    Danby Products
    866-874-6532
    [email protected]
    
    Jim Russo
    General Manager
    Intirion Corporation
    800-637-7567
    [email protected]
    
    Shawn Pearson
    Director of Sales
    Danby Products
    866-874-6532
    [email protected]
    

SOURCE Danby Products