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The Legacy Companies Announces Acquisition Of Kalorik Product Lines

Jan 09, 2024•almost 2 years ago

Acquiring Company

The Legacy Companies

Acquired Company

Kalorik Product Lines

WestonMiami GardensFood And BeverageWholesale

Description

The Legacy Companies, a global leader in premium kitchen and food service equipment, announces today that it has acquired the electric kitchen countertop appliance product line and the non-electric kitchen smallwares and utensils product line of Team International Group of America, Inc. d/b/a Kalorik. Terms of the asset purchase transaction were not disclosed. The Kalorik brand is a strong complement to the existing umbrella of Legacy brands, bringing top-notch innovation and style at affordable prices.

Company Information

Company

The Legacy Companies

Location

Weston, Florida, United States

About

The Legacy Companies is a leading international manufacturer and exporter of food service equipment serving over 130 countries through a network of distributors, dealers and retail channels, representing a diverse portfolio of trusted, quality and leading brands such as: Avanti, Bevles, Blakeslee, Chef’sChoice, Excalibur, General, Legion, Maxx Cold, Maxx Ice, Maxx Scientific, Nautilus, Omega, Sapphire, Vintotemp, Vinturi, WestBend, Yonanas and Zeroll. The Legacy Companies works with world class partners to develop, source and market healthy, convenient and enjoyable solutions for the restaurant, hospitality, grocery, convenience store, entertainment, education and healthcare industries.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed