Italian foodservice equipment firm ALI Group has reached a definitive agreement to acquire Scotsman Industries.
ALI Group, a leading global designer, manufacturer, marketer and servicer of a broad line of commercial and institutional foodservice equipment, has reached a definitive agreement to acquire Scotsman Industries, a major commercial ice machine manufacturer, from an affiliate of Warburg Pincus. Terms of the transaction were not disclosed.
Luciano Berti, ALI Group’s Chairman/CEO, stated: “We are very pleased to welcome Scotsman into the ALI Group. The Scotsman acquisition is strategically important to our Group as it strengthens our position as leader in the global commercial foodservice equipment industry. Scotsman’s leadership in the ice machine industry opens for the ALI Group new opportunities and adds a new dimension to our ability to serve the foodservice equipment market. The addition of very strong and well recognized brands to those of the Group increases ALI’s global presence and visibility.”
“We are excited to join the ALI Group and look forward to working closely with Luciano and Filippo Berti and the rest of the management team to expand their extensive offering to the food service industry,” says Scotsman Industries’ Chairman/CEO, David McCulloch. “I’d also like to thank Warburg Pincus for their partnership in helping us grow our business and solidify our leadership position in the commercial ice machine industry.”
ALI Group is based in Milan, Italy.