Italian catering equipment conglomerate Ali Group has reached a definitive agreement to acquire Scotsman Industries, the largest commercial ice machine company in the world.
Ali Group, one of the most acquisitive businesses in the industry with almost 70 brands to its name, is buying the business from private equity firm Warburg Pincus, but has not disclosed the terms of the transaction.
Luciano Berti, Ali Group’s chairman and CEO, said the deal was “strategically important” to the group as it strengthens its 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,” he commented. “The addition of very strong and well recognized brands to those of the Group increases ALI’s global presence and visibility.”
With five manufacturing facilities, 800 staff and 10 major sales offices throughout the world, Scotsman claims to be the largest commercial ice machine company in the market. It also works with more than 1,000 distribution partners.
David McCulloch, Scotsman’s chairman and CEO, said: "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.”