Danby Appliances Acquires Coldex

GUELPH, ON, April 29, 2025 /PRNewswire/ -- Danby Appliances is excited to announce the acquisition of Coldex, a leader in the Canadian academic appliance rental market. This strategic acquisition aligns with Danby's long-term commitment to growth and expansion, reinforcing our dedication to providing exceptional customer service and quality appliances to academic institutions across Canada.

Coldex, founded in 1981 by Michael McLean, father of current owners Mark and Ben, built a strong reputation for customer service and reliable appliance rentals for students and schools across Canada.

"We look forward to welcoming Coldex into the Danby family," said Jim Estill, CEO of Danby Appliances. "Our shared values of exceptional customer service, quality products, and doing the right thing make this a natural fit. Coldex has always prided itself on its relationships with schools and students, and we look forward to building on that legacy."

As part of the acquisition, Danby will invest in the growth and development of Coldex's operations, ensuring that its services continue to meet the evolving needs of students and secondary institutions.

"Danby's investment, and shared culture of customer care and trusted products, will allow us to expand our reach to provide even more solutions for schools and students," said Mark McLean, Director at Coldex.

As Danby continues to grow and innovate, our commitment to providing the highest quality products and services remains unwavering.

For more information, please visit danby.com and coldexrents.com.

About Danby:
Since 1947, Danby has been at the forefront of innovative appliance design for consumers and businesses. The company's mission is to deliver smart, stylish solutions that simplify life at home and enhance operations in commercial settings. We are committed to quality, efficiency, affordability, and offering products that are built to last. Learn more here: https://www.danby.com/

About Coldex:
Coldex Rentals has been providing student and school housing appliance rental services across Canada for over 40 years. Known for its exceptional customer service and dedication to meeting the needs of its academic clientele, Coldex has earned a reputation as one of the most trusted names in the industry. Learn more here: https://coldexrents.com/

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SOURCE Danby Appliances