Electrolux has acquired Grindmaster-Cecilware, a U.S. manufacturer of hot, cold and frozen beverage dispensing equipment, including coffee machines, for $108 million in cash. Grindmaster-Cecilware will become part of the Professional Products division of Electrolux.
Grindmaster-Cecilware had net sales in excess of $65 million in 2016 and approximately 200 employees, per a release announcing the deal. The cash consideration in the transaction is USD 108 million. Grindmaster-Cecilware is based in Louisville, Ky., and has manufacturing facilities in Louisville and in Rayong, Thailand. Grindmaster-Cecilware’s brand names include Grindmaster, Cecilware, Crathco, and American Metal Ware.