Groupe SEB and Hamilton Beach Brands Announce Amicable Settlement Concerning Alleged Patent Infringement

PARSIPPANY, N.J., Sept. 10, 2018 /PRNewswire/ -- Today, Groupe SEB USA and Hamilton Beach Brands are pleased to jointly announce they have settled disputes concerning household steam iron patents.

On February 12, 2018, Groupe SEB filed claims against Hamilton Beach asserting patent infringement. Hamilton Beach Brands admits the validity of the Rowenta U.S. Patent No. 7,305,780 for Rowenta's microsteam soleplate and corresponding foreign patents. All other terms of the settlement are confidential.

Groupe SEB and Hamilton Beach are pleased to have reached a swift and amicable agreement. The global settlement provides all actions between the parties in the United States and China will be dismissed. Due to the confidentiality of settlement terms, the companies are unable to further comment on this matter.

About Groupe SEB
The world reference in small domestic equipment, Groupe SEB operates in nearly 150 countries with a unique portfolio of almost 30 top brands marketed through multi-format retailing. Since its creation, Group SEB has been a key player in everyday revolutions thanks to its innovative products that change the daily lives of consumers all over the world. Groupe SEB deploys a long-term strategy focused on innovation, international development, competitiveness and service to clients. Multi-cultural and multi-creative, our 33,000 employees in 60 countries, share the same values and commitment to sustainable development, the same sense of professionalism and passion for innovation. The company's global headquarters is based out of France with its United States offices located in Parsippany, New Jersey.

About Hamilton Beach Brands
Hamilton Beach Brands, Inc. is a leading designer, marketer and distributor of branded small electric household and specialty housewares appliances, as well as commercial products for restaurants, bars and hotels. Hamilton Beach and Weston Brands products can be found in households and businesses throughout the world. Hamilton Beach Brands, Inc. is a wholly owned subsidiary of Hamilton Beach Brands Holding Company (NYSE: HBB) and is headquartered in Richmond, Virginia. Information on innovative Hamilton Beach®, Hamilton Beach® Professional, Proctor Silex®, TrueAir®, Hamilton Beach® Commercial and Weston Brands products can be found online at www.hamiltonbeach.com, www.proctorsilex.com, www.westonproducts.com 
and www.hamiltonbeachcommercial.com

SOURCE Groupe SEB