Electrolux strengthens professional offering of beverage products by acquiring Grindmaster-Cecilware

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 offering in its food service business and will accelerate the growth of the Professional Products business area by increasing access to the U.S. market. 

Grindmaster-Cecilware had net sales in excess of USD 65 million in 2016 and approximately 200 employees. The cash consideration in the transaction is USD 108 million. The company is based in Louisville, Kentucky and has manufacturing facilities in Louisville and in Rayong, Thailand. Grindmaster-Cecilware sells products under the market leading brands Grindmaster, Cecilware, Crathco, and American Metal Ware.

“We are very pleased to complement our portfolio with such an attractive range of beverage products, as the combination better meets customer needs, especially among food service chains. This move will also reinforce our presence in North America, one of the largest global markets for professional appliances,” said Alberto Zanata, Head of Electrolux business area Professional Products.

Grindmaster-Cecilware, majority owned by BNY Mezzanine Partners L.P., was created in 2009 through the combination of Grindmaster Corporation and Cecilware Corporation, two companies with a more than 100-year heritage.

For more information visit www.electrolux.com/professional and www.gmcw.com.

For further information, please contact

Electrolux Press Hotline, 46 8 657 65 07.

Read more within Newsroom
November 17, 2017

AEG laundry products win accolades across Europe

November 17, 2017

The Electrolux Group’s latest range of laundry products under the AEG brand has scored numerous “Best in Test” and “Best Buy” accolades across Europe. The washing machines and tumble dryers were developed to address...

Read more
November 16, 2017

Electrolux Capital Markets Day 2017

November 16, 2017

At Electrolux Capital Markets Day in Stockholm today, CEO Jonas Samuelson and other senior executives of the company will provide an update on Electrolux strategy and business performance as well as an overview of...

Read more

Electrolux has successfully transported refrigerators more than 2,400 miles in the US, using cutting-edge automated driving technology.

Read more