01.03.2017

Electrolux Professional acquires Grindmaster-Cecilware to strengthen its professional offering

Today Electrolux Professional revealed it took over Grindmaster-Cecilware, which is a number one American producer of frozen, cold as well as hot beverage dispensing equipment such as coffee machines. It’s apparent that the given deal actually extends the company’s offering in the sector. Moreover, it will help them to back the Professional Products business area.

In 2016, Grindmaster-Cecilware boasted net sales of more than $65m and nearly 200 staff members. The deal is worth $108m. The given company is headquartered in Louisville, Kentucky, while its manufacturing facilities are situated in Rayong and Louisville. The company sells products under the following major brands: American Metal Ware, Crathco, Grindmaster, and Cecilware.