date:Nov 08, 2012
Ali Group, a provider of commercial and institutional foodservice equipment, has entered into a definitive agreement to acquire Scotsman Industries, a commercial ice machine company, for an undisclosed amount.
Scotsman Industries is an affiliate of Warburg Pincus, a US-based equity firm. The company has five manufacturing facilities, with over 800 employees, and 10 major sales offices across 100 countries.
Ali Group chairman and chief executive officer Luciano Berti said that this acquisition