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ALI Group, a multi-line foodservice equipment manufacturer, purchased Rancilio Group, an Italian coffee machine manufacturer, from the Rancilio family and Alto Partners, a Milan-based private equity firm. Terms of the transaction were not disclosed.
Giorgio Rancilio will continue to serve as chief executive officer of the Rancilio Group, according to Luciano Berti, ALI Group's chairman and chief executive officer. ALI Group plans to use its existing channels to distribute the products made by the Rancilio Group and its subsidiary, Switzerland-based Egro.
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