FOR IMMEDIATE RELEASE
Chicago Il.; Erie, Pa.; and Fort Lauderdale, Fla. (April 1, 2021) The Legacy Companies a leading consumer productsand commercial food service equipment provider, announced the closing sale of KOLD-DRAFT® International to Ali Group. Ali Group is one of the largest and most diversified global leaders in the foodservice equipment industry.
“The sale of KOLD-DRAFT® International marks a milestone for The Legacy Companies,” said Neal Asbury, The Legacy Companies, chief executive officer. “We have built significant momentum in our business and continue to advance efforts to align our organization around a global structure that fosters a culture of collaboration, better connects our expertise and focuses on our best growth opportunities for our customers, employees and the commercial foodservice industry.”
Advisors Bailey Southwell & Co. acted as financial advisors to the Ali Group. Womble Bond Dickinson (US) LLPacted as legal advisors for the Ali Group. Novela Law acted as legal advisors to The Legacy Companies.
Since 1955, KOLD-DRAFT has been manufacturing ice machines that make the only true “square cube,” utilizing their exclusive “upside-down” horizontal evaporator ice-making system. KOLD-DRAFT machines produce pure, solid, sparkling ice that cools faster, melts slower, and doesn’t distort the taste of beverages. KOLD-DRAFT machines have a long life cycle and a three-year warranty on all parts and labor, making them one of the least expensive to own. For more information on KOLD-DRAFT products and services, visit www.kold-draft.com.
About The Legacy Companies
The Legacy Companies, a privately-owned company, is a leading consumer products and food service equipment provider that designs, manufactures and markets, nationally and internationally, a diverse portfolio of products under world-class brands such Avanti®, Back to Basics®, Bevles®, Blakeslee®, ChefsChoice®, EdgeCraft®, Excalibur®, General®, Greenfield World Trade, Maxx Cold®, Maxx Ice®, Maxx Scientific®, Omega®, WestBend®, Yonanas® and Zeroll®. The Legacy Companies is headquartered in Fort Lauderdale, Fla
About the Ali Group
Founded in 1963 by Luciano Berti, the Ali Group is an Italian corporation with headquarters located in Milan, Italy and North American operations based in Chicago, Illinois. Through its subsidiaries, the company designs, manufactures, markets and services a broad line of commercial and institutional foodservice equipment used by major restaurant and hotel chains, independent restaurants, hospitals, schools, airports, correctional institutions and canteens. The Ali Group and its 80 global brands employ approximately 10,000 people in 30 countries and, in
terms of sales, is one of the world’s largest groups in this industry. It has 58 manufacturing facilities in 15 countries and sales and service subsidiaries throughout Europe, North America, South America, the Middle East and Asia Pacific. For more information on Ali Group products and services, visit www.aligroup.com
Julie A. Hausmann (954) 202.7419