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Electrolux strengthens professional offering with beverage products by acquiring Grindmaster-Cecilware
Mar 2, 2017 - Marketwire (Canada)

SINGAPORE -- (Marketwired) -- 03/02/17 -- Electrolux today announced it has acquired Grindmaster-Cecilware, a leading U.S. based manufacturer of hot, cold and frozen beverage dispensing equipment, including coffee machines. The acquisition broadens Electrolux's offering in its food service business and will accelerate the growth of the Professional Products business area.

Grindmaster-Cecilware had net sales in excess of USD 65 million in 2016 and approximately 200 employees. The cash consi

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