Electrolux Acquires GrindmasterCecilware for Million Daily Coffee News

      Comments Off on Electrolux Acquires GrindmasterCecilware for Million Daily Coffee News

“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.”

Original link