The Ali Group has acquired Italian commercial coffee machine maker Rancilio Group, bringing the number of catering equipment brands within its portfolio to 74.
Ali purchased the business from the Rancilio family and Alto Partners, a Milan-based private equity firm, but did not disclose the terms of the deal. It did, however, confirm that CEO Giorgio Rancilio would remain in his position.
Rancilio is also the owner of the Swiss Egro brand, which offers traditional and fully automatic coffee machines. The group made sales of €58m (£49m) last year.
Luciano Berti, Ali Group’s chairman and owner, said the deal brought something different to the company’s offering. “This acquisition further strengthens our position and visibility in the foodservice equipment market and adds a new dimension and another business segment to our brand portfolio,” he commented.
Berti added that the firm was looking forward to developing both brands through its “existing international distribution channels”.
The deal ends equity firm Alto Partners’ six-year association with Rancilio. As a minority investor in the business it supported the acquisition of Egro back in 2008, which led to Rancilio increasing its revenue, profitability and headcount. It now employs 220 staff.
Rancilio Group was founded in 1927 by Roberto Rancilio and is one of the leading providers of professional espresso coffee machines. It claims to be one of the few players worldwide offering both semi-automatic and fully-automatic machines, the latter marketed under the Egro brand.
Ali Group employs more than 8,000 people in 26 countries. It also operates 55 separate manufacturing facilities.