STOCKHOLM, Sweden — Electrolux has acquired Grindmaster-Cecilware — a leading U.S.-based manufacturer of hot, cold and frozen-beverage dispensing equipment, including coffee machines — for USD $108 million. The acquisition broadens the Electrolux offering in its foodservice business and will accelerate the growth of its professional products business area.
Grindmaster-Cecilware, which had net sales in excess of USD $65 million in 2016 and approximately 200 employees, is based in Louisville, Ky. and has manufacturing facilities in Louisville and in Rayong, Thailand. Grindmaster-Cecilware sells products under the market-leading brands Grindmaster, Cecilware, Crathco and American Metal Ware.
“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,” says Alberto Zanata, head of Electrolux business area Professional Products. “This move will also reinforce our presence in North America, one of the largest global markets for professional appliances.”