Private-equity firm Warburg Pincus sells ice machine business.
ALI Group, a multi-line foodservice equipment manufacturer, has reached an agreement to acquire Scotsman Industries, a manufacturer of commercial ice machines under the Ice-O-Matic and Scotsman brand names from private equity firm Warburg Pincus. Terms of the transaction were not disclosed.
Scotsman Industries' management, sales and support teams are expected to make the transition to the ALI Group.
"We are excited to join the ALI Group and look forward to working closely with Luciano and Filippo Berti and the rest of the management team to expand their extensive offering to the food service industry," said Scotsman Industries' Chairman and Chief Executive Officer, David McCulloch. "I'd also like to thank Warburg Pincus for their partnership in helping us grow our business and solidify our leadership position in the commercial ice machine industry."
Warburg Pincus acquired Scotsman Industries in 2009 from Manitowoc.