Malibu set for test kitchen investment as Jestic eyes northern customer base

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Jestic has now acquired the Malibu Corporation.

Jestic Foodservice Equipment has promised to invest “heavily” in creating a northern outpost that delivers value to its customers after buying the Malibu Corporation.

The Kent-based company plans to build a fully-equipped test kitchen and meeting facility for customers in the north of England at Malibu’s Manchester base.

Malibu has been supplying cooking and dessert equipment for almost 40 years and will provide Jestic with readymade access to customers and brands that complement its own portfolio.

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Although it intends to invest in enhancing the company’s operations, Malibu will continue to operate as a separate company under its existing name.

Tony Keating, the former Malibu owner and current MD, will remain in his position and “continue to be involved in the business for the foreseeable future”, Jestic said.

Ben Dale, MD of Jestic, added: “We are delighted to welcome Malibu Corporation to the Jestic family and look forward to working with them to further grow the business. This is an exciting chapter in the growth of Jestic and the range of equipment distributed by Malibu perfectly complements and broadens our existing portfolio.

“There is also a great cultural fit between the two companies, who share the same values and a commitment to work collaboratively with customers and provide the highest possible levels of service.”

Jestic’s portfolio includes equipment from brands such as Josper, Wood Stone, Henny Penny, Sveba Dahlen, Edge, Alfa Pro, Winston, Somerset and Vitamix.

It is the first acquisition that Jestic has made since it was taken over by South Africa-based Universal Industries International in April this year.

Brands that Malibu supplies include Miraclean, Wittco, Perfect Fry and Merrychef Eiko ovens.

Tags : acquisitionbusinessbuyoutjesticjestic foodservice equipmentmalibumalibu corporationtakeover
Clare Nicholls

The author Clare Nicholls

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