Electrolux acquires drinks-machine manufacturer
Electrolux today announced it had acquired Grindmaster-Cecilware, a leading US-based manufacturer of hot, cold and frozen beverage dispensing equipment, including coffee machines.
The acquisition broadens Electrolux's scope in its food service business and will accelerate its growth in the professional products sector.
Grindmaster-Cecilware had net sales in excess of US$65 million in 2016 and approximately 200 employees. The cash consideration in the transaction is $108 million. The company is based in Louisville, Kentucky 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.
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