Electrolux has newly acquired SPM Drink Systems, a major Italian manufacturer of professional dispensers of frozen and hot beverages and soft ice-cream, as part of the plan to expands across the hospitality industry.
The extensive product portfolio offered by SPM Drink Systems will enable Electrolux Professional to become a full service solution provider by increasing its current beverage offering to include a comprehensive range of products. The acquisition supports Electrolux strategy for profitable growth. Together with the acquisition of Grindmaster-Cecilware in North America in 2017, it further strengthens Electrolux presence in the fast-growing beverage segment.
“We are excited and pleased to enlarge and complement our product portfolio in beverage with such an attractive, modern and well regarded company with a strong position in Europe. This acquisition is strategic and a perfect match to bring added value to our product offering”, commented Alberto Zanata, Head of Electrolux Professional Products.
With five decades of heritage and skilled expertise as industry leader, the acquired operations had combined net sales of approximately €30 million in 2017, and 110 employees. The company’s headquarters and main manufacturing facilities are based in Spilamberto, Modena, Italy.