Ali Group, a global manufacturer of foodservice equipment and a FEDA manufacturer member, has closed on its agreement to acquire KOLD-DRAFT International from The Legacy Companies based in Fort Lauderdale, Florida. Terms of the transaction were not disclosed.
KOLD-DRAFT is a manufacturer of ice machines best known for its upside-down horizontal evaporator ice-making system that produces truly square cubes.
“We are very pleased to welcome KOLD-DRAFT into the Ali Group,” said Filippo Berti, Ali Group chairman and CEO. “The KOLD-DRAFT acquisition is strategically important to our group as it strengthens our position as a leader in the global commercial foodservice industry. This latest acquisition provides us with one of the industry’s most unique and well-known ice shapes and further enhances our portfolio in the ice machine segment. The addition of very strong and well-recognized brands to those of the group increases Ali’s global presence and visibility.”