Breville Group Limited entered into an agreement to acquire Gemme Italian Producers Srl from founders and current owners for approximately €110 million on March 11, 2022. Half of the consideration will be paid in cash and half by the issue of 3.05 million fully paid ordinary shares in BRG which will be subject to a five-year trading lock post completion .The cash portion will be funded from existing cash reserves and debt facilities. Key members of the LELIT Group management team, including the founders, have agreed to join the Breville Group. The transaction is expected to complete by early July 2022.

Breville Group Limited completed the acquisition of Gemme Italian Producers Srl from founders and current owners on July 1, 2022.