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Ali Group Announces the Acquisition of Kold-Draft International

Ali Group, one of the largest and most diversified global leaders in the foodservice equipment industry, today announced that it has successfully closed on its agreement to acquire KOLD-DRAFT® International from The Legacy Companies based in Fort Lauderdale, Fla. Terms of the transaction were not disclosed.

Filippo Berti, Ali Group’s Chairman and Chief Executive Officer, stated: “We are very pleased to welcome KOLD-DRAFT into the Ali Group. 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.”

Advisors
Bailey Southwell & Co. acted as financial advisors to the Ali Group. Womble Bond Dickinson (US) LLP acted as legal advisors for the Ali Group. Novela Law acted as legal advisors to The Legacy Companies.

About the Ali Group
Founded in 1963 by Luciano Berti, the Ali Group is an Italian corporation with headquarters located in Milan, Italy and North American operations based in Chicago, Illinois. Through its subsidiaries, the company designs, manufactures, markets and services a broad line of commercial and institutional foodservice equipment used by major restaurant and hotel chains, independent restaurants, hospitals,
schools, airports, correctional institutions and canteens.

The Ali Group and its 80 global brands employ approximately 10,000 people in 30 countries and, in terms of sales, is one of the world’s largest groups in this industry. It has 58 manufacturing facilities in 15 countries and sales and service subsidiaries throughout Europe, North America, South America, the Middle East and Asia Pacific.

For more information on Ali Group products and services, visit www.aligroup.com.

About KOLD-DRAFT
Since 1955, KOLD-DRAFT has been manufacturing ice machines that make the only true “square cube,” utilizing their exclusive “upside-down” horizontal evaporator ice-making system. KOLD-DRAFT machines produce pure, solid, sparkling ice that cools faster, melts slower, and doesn’t distort the taste of beverages. KOLD-DRAFT machines have a long life cycle and a three-year warranty on all parts and labor, making them one of the least expensive to own.

For more information on KOLD-DRAFT products and services, visit www.kold-draft.com.

About The Legacy Companies
The Legacy Companies, a privately-owned company, is a leading consumer products and food service equipment provider that designs, manufactures and markets, nationally and internationally, a diverse portfolio of products under world-class brands such Avanti®, Back to Basics®, Bevles®, Blakeslee®, ChefsChoice®, EdgeCraft®, Excalibur®, General®, Greenfield World Trade, Maxx Cold®, Maxx Ice®, Maxx Scientific®, Omega®, WestBend®, Yonanas® and Zeroll®. The Legacy Companies is headquartered in Fort Lauderdale, Fla.

For more information on The Legacy Companies, visit www.TheLegacyCompanies.com.

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