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Ali Group to Acquire Montague

Multiline foodservice equipment manufacturer Ali Group has acquired The Montague Company, a commercial cooking and refrigeration company. The terms of the deal were not disclosed.

The acquisition is “strategically important to our group” said Filippo Berti, Ali Group’s chairman and CEO in a statement announcing the deal.

The new year will likely bring another Ali Group acquisition-in-the-making to finality as the acquisition of Welbilt is expected to close in early 2022 after boards of directors for both companies approved Ali Group’s all-cash offer in July 2021.

Earlier in 2021 Ali Group also acquired Kold Draft, which manufactures ice machines that produce square cubes.