CHICAGO, ERIE, Pa., and FORT LAUDERDALE, Fla. — Ali Group has successfully closed on its agreement to acquire KOLD-DRAFT International from The Legacy Companies based in Fort Lauderdale, Fla. Terms of the transaction were not disclosed.
Filippo Berti, Ali Group’s Chairman and Chief Executive Officer, stated: “We are very pleased to welcome KOLD-DRAFT into the Ali Group. The KOLD-DRAFT acquisition is strategically important to our Group as it strengthens our position as a leader in the global commercial-foodservice industry. This latest acquisition provides us with one of the industry’s most unique and well-known ice shapes and further enhances our portfolio in the ice-machine segment. The addition of very strong and well-recognized brands to those of the Group increases Ali’s global presence and visibility.”
Mississauga, Ont.-based Food Service Solutions Inc. (FSS) will become the national distributor for KOLD-DRAFT effective July 1, 2021. “The Ice-Man (John and Jake Silva) will continue to have access as a re-seller of the brand and we are all working closely to continue to develop the brand and the unique products that KOLD-Draft produces for our industry,” says Chris Koehler, president, FSS.
Bailey Southwell & Co. acted as financial advisors to the Ali Group. Womble Bond Dickinson (US) LLP acted as legal advisors for the Ali Group. Novela Law acted as legal advisors to The Legacy Companies.