Panasonic Corporation has announced acquisition of Hussmann Corporation, a Missouri-based manufacturer of refrigerated display cases and systems. Panasonic will acquire 100% of the shares of Hussmann Group including Hussmann Corporation in April 2016. The agreement will allow Panasonic to expand its display case business and food distribution solutions business in the United States, the biggest market for refrigerated and freezer display cases, as well as countries and regions around the U.S. and further to Australia and New Zealand. As part of its growth strategy, Panasonic is looking to generate sales of 2.5 trillion yen (US$ 20.75 billion) in B2B solutions in 2018, of which 300 billion yen (US$ 2.49 billion) is expected to come from the food distribution solutions business. The company has been promoting its energy-efficient and environmentally conscious refrigerated and freezer display cases for supermarkets and convenience stores mainly in Japan, China and other parts of Asia. Hussmann is a market leader in its current major markets. In its 109 year history, the company has built strong relationships with customers and established a globally recognized brand. Hussmann’s current management team will stay in place to manage the acquired company under Panasonic’s guidance. The Hussmann name and brand will continue to be used.