Swedish multinational appliance manufacturer Electrolux has acquired U.S.-based beverage systems and commercial coffee grinding and brewing manufacturer Grindmaster-Cecilware for $108 million USD in cash considerations. Grindmaster and Cecilware merged in 2009 in a transaction led by majority owner BNY Mezzanine Partners L.P., and the Grindmaster-Cecilware company, headqurtered in Louisville, Ky., with an additional manufacturing facility in Rayong, Thailand, celebrated 100 years in manufacturing in 2011. According to a press release issued by Elextrolux today, Grindmaster-Cecilware had net sales in excess of $65 million in 2016, while employing approximately 200 people. While the company manufactures a range of foodservice products, coffee beverage systems have remained at the heart of the product line of both the Grindmaster and Cecilware brands over the past century. In...
Full article: http://dailycoffeenews.com/2017/03/03/electrolux-acquires...
@ElectroluxIN
»
29 Mar '17, 3pm
@MadonnaCorrian
»
05 Mar '17, 10am
@_coffeebean27
»
04 Mar '17, 11pm
@Caner_DIO
»
04 Mar '17, 12pm
@JaeVal_PR
»
04 Mar '17, 12am
@david__leong
»
04 Mar '17, 12am
@DailyCoffeeNews
»
03 Mar '17, 9pm
@ninicosachico
»
03 Mar '17, 9pm
@coffeeaddct
»
03 Mar '17, 8pm
@RoastMagazine
»
03 Mar '17, 8pm
@NeedsCaffein
»
03 Mar '17, 7pm
@BigCoffeeTrader
»
03 Mar '17, 7pm
@BrewGourmet
»
03 Mar '17, 7pm
@PennineCoffee
»
03 Mar '17, 7pm
@iBeanDrinking
»
03 Mar '17, 7pm
@EnricoE39
»
03 Mar '17, 7pm
Bloq, a provider of blockchain technology solutions for global enterprises, announced that it has acquired Skry (formerly ...
Undeveloped and Epik share the desire to deliver customer-focused solutions while also building a great team and company c...
