Lehel (company)

Lehel stands as Hungary's leading manufacturer of household appliances, with a particular focus on refrigerators. Established as a state-owned enterprise during the socialist period (1945–1989), Lehel secured a significant portion of the market through its refrigerator offerings. Following extensive negotiations spanning two years, Electrolux purchased Lehel in 1991 for US$83 million, incorporating it as a subsidiary to strengthen its presence worldwide. At the time of the takeover, Lehel employed approximately 5,000 individuals and was recognized as one of Hungary's most productive companies, demonstrating robust financial health and effective management strategies. This acquisition bolstered Electrolux's position within the Central European appliance sector.