ALI Group, a Milan-based manufacturer of foodservice equipment, has completed its acquisition of popular coffee machine manufacturer Rancilio Group. The companies are not disclosing the terms of the transaction, but Giorgio Rancilio will remain CEO of Rancilio and its Swiss subsidiary Egro Coffee.
“We are excited to have become part of the ALI Group and look forward to working closely with Luciano Berti and the rest of the management team,” Giorgio Rancilio said in a company announcement.
Said Berti, ALI Group’s Chairman and CEO, “This acquisition further strengthens our position and visibility in the food service equipment market and adds a new dimension and another business segment to our brand portfolio.”
ALI Group employs over 8,000 people in 26 countries, with 55 manufacturing facilities in 14 countries and sales and service subsidiaries in Europe, North America, Russia, Japan, China, the Middle East, Australia and New Zealand. Rancilio currently employs about 220 people, with its machines in operation throughout the globe.