# Electrolux acquires Grindmaster-Cecilware for USD 108 million

Electrolux announced the acquisition of Grindmaster-Cecilware, a US-based manufacturer of beverage dispensing equipment including coffee machines, for USD 108 million in cash. The company has manufacturing facilities in Louisville, Kentucky and Rayong, Thailand.

- Type: Acquisition
- Announced: 2017-03-02
- Where: Louisville, Kentucky, United States
- Value: $108.0M
- Status: completed
- Products: hot, cold and frozen beverage dispensing equipment, coffee machines
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Electrolux](https://endata.com/companies/16842.md) (acquirer)
- [Grindmaster-Cecilware](https://endata.com/companies/16843.md) (target)
- [BNY Mezzanine Partners](https://endata.com/companies/16844.md) (investor)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2017/03/02/1238603/0/en/electrolux-strengthens-professional-offering-with-beverage-products-by-acquiring-grindmaster-cecilware.html), 2017-03-02: "Electrolux today announced it has acquired Grindmaster-Cecilware, a leading U.S. based manufacturer of hot, cold and frozen beverage dispensing equipment, including coffee machines."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.