Fracino founder and chairman, Frank Maxwell, who pioneered the production of espresso machines in the UK, has been selected from 14 worthy finalists for a prestigious Lifetime Achievement Award.
Launching the Birmingham-based company in 1953 after stripping down a coffee machine bought on a family holiday in Italy, Maxwell received the honour from The Family Business of the Year Awards which celebrate and acknowledge the contribution that family firms make to the UK economy.
Forced to self-fund the company after a bank refused to lend him £300, he has been pivotal in Fracino’s growth to a global manufacturer whose espresso machines are commissioned by well-known brands including Subway, PizzaExpress, Costa Coffee and Patisserie Valerie.
The third generation family business which employs over 70 people has committed a multi-million pound investment to its 45,000ft2 manufacturing facility, with 85% of components fabricated in-house.
Paul Andrews, founder and MD of Family Business United which launched the awards in 2011, said: “The shortlists for all categories were impressive and Frank was up against some stiff competition for this inaugural title. His vision, tenacity and commercial acumen in shaping the coffee shop boom and succeeding where others around him failed is impressive and inspirational.”
Maxwell added: “I am honoured and humbled to receive this coveted accolade. I am also immensely proud that the business I launched in a garden shed five and a half decades ago now operates one of the world’s most advanced and efficient espresso equipment manufacturing facilities and exports to over 70 countries.”