Electrolux Professional Group will pay SEK260m (£19m) to acquire Adventys, the French manufacturer of induction cooking solutions.with global sales of SEK70m (£5m) in 2023
Tag Archives: commercial kitchen appliance
Lincat cuts salamander grill energy us
Lincat claims has devised a solution for operators that waste electricity by leaving their salamander grills on all day even when not in use.
The British manufacturer company reckons its new Silverlink Eco Electric salamander grill consumes half the energy of its popular Silverlink GR3 model, simply by reengineering it with a ‘jog to sprint’ approach. “Salamanders play a critical role in kitchen operations but tend to remain at full power for up to 12-15 hours daily despite being actively used for only 2-3 hours
Rather than fully powering off and cooling down when idle, the grill enters a low-power sleep mode, conserving energy while keeping the cavity warm. When needed, it swiftly transitions into boost mode, ready for immediate use with the simple press of a button.”
Hoshizaki America grabs 25% stake in rival refrigeration manufacturer
Hoshizaki the Japanese firm has paid $28m for an initial 25% stake in Fogel Company following a deal conducted through its US subsidiary.
It intends to increase its investment over the next three years until it has gained a 51% shareholding in the business, mirroring the approach it took when purchasing European manufacturer Ozti previously.
Panama-headquartered Fogel has been trading for more than 55 years and is one of the largest fridge makers in the Americas region.
Its 27,000 square meter factory in Guatemala has the capacity to build up to 216,000 units a year and employs more than 1,600 staff.
Bunzl to buy Nisbets ?
Distribution giant Bunzl is eyeing up a £450m deal to buy Nisbets in what would be one of the most remarkable catering equipment supply mergers the UK industry has ever seen, If any sort of agreement does materialise it would make Nisbets a bedfellow with one of its longest-running and arguably closest rivals, Lockhart Catering Equipment, which is owned by Bunzl.
SMEG Professional
Smeg Professional is the new name for SMEG foodservice
The naming of the corporate division “Smeg Foodservice” has been officially renewed in favor of “Smeg Professional.” With the new name, SMEG clearly and effectively communicates its longstanding goal of making dedicated products that meet the needs of the HoReCa industry.
Middleby grows margins
Middleby Corporation told investors yesterday that it is well-placed to increase its manufacturing capacity and achieve improvements in production efficiencies after delivering record fourth quarter results.
The owner of brands such as TurboChef, Pitco and Lincat notched up group sales of $1 billion (£828m) during Q4, a 19% increase on the previous year and 14% organically.They have managed to achieve margin expansion over the previous year and sequentially from Q3 as a result of pricing, shifting its product mix towards higher technology solutions and disciplined cost control.
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