Acquiring the Italian manufacturer of professional dispensers of frozen and hot beverages and soft ice cream follows Electrolux’s 2017 acquisition of Grindmaster-Cecilware in North America to further strengthen its presence in the fast-growing beverage segment and increase its presence in the hospitality industry.
Electrolux announced that it has acquired SPM Drink Systems, an Italian manufacturer of professional dispensers of frozen and hot beverages and soft ice cream, as part of Electrolux’s strategy to increase its presence in the hospitality industry.
SPM Drink System’s headquarters and main manufacturing facilities are based in Spilamberto, Modena, Italy.
The extensive product portfolio offered by SPM Drink Systems will allow Electrolux Professional to become a full-service solution provider by expanding its current beverage offering to include a comprehensive range of products. The acquisition supports Electrolux’s strategy for profitable growth and together with the company’s 2017 acquisition of Grindmaster-Cecilware in North America, it strengthens its presence in the fast-growing beverage segment.
With a half-century of heritage and skilled expertise, the acquired operations had combined net sales of approximately EUR 30 million in 2017, and 110 employees.
“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,” said Alberto Zanata, Head of Electrolux Professional Products. “This acquisition is strategic and a perfect match to bring added value to our product offering.”
For more information, visit www.electrolux.com/professional and www.spm-ice.it
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