Electrolux Acquires Grindmaster-Cecilware

Grindmaster-Cecilware, the Louisville Ky., maker of hot, cold and frozen beverage dispensing equipment, has been acquired by Electrolux, the Swedish foodservice and laundry equipment maker. The acquisition was announced March 2.

 “We are very pleased to complement our portfolio with such an attractive range of beverage products, as the combination better meets customer needs, especially among foodservice chains. This move will also reinforce our presence in North America, one of the largest global markets for professional appliances,” says Alberto Zanata, Head of Electrolux business area Professional Products.

Grindmaster-Cecilware’s brands—Grindmaster, Cecilware, Crathco, and American Metal Ware—reported sales of $65 million in 2016. It has manufacturing plants in Louisville and in Rayong, Thailand. The company, majority owned by BNY Mezzanine Partners L.P., was created in 2009 through the combination of Grindmaster Corp. and Cecilware Corp.

 

 

- Advertisement -

- Advertisement -

- Advertisement -

TRENDING NOW

RELATED CONTENT

Burger King To Test Sustainable Packaging Alternatives in Miami

The chain will test alternatives to eight of its most-used, guest-facing items as part of a pilot program while also expanding its test markets for reusables.

Read More...

Tao Group Hospitality Acquires Hakkasan Group

The brands believe the newly combined company will be well-positioned to take advantage of "pent-up demand, setting the stage for long-term growth.”

Read More...

Ohio Distributor Gains Territory, Henny Penny Products In Acquisition

Cleveland-based foodservice equipment distributor Kappus acquired fellow Ohio distributor Remagen on May 1.

Read More...