Leading Italian foodservcie equipment manufacturer ALI Group sold its Belgian subsidiary to German based industry group mutares AG.
mutares AG, Munich, acquires the Belgian kitchen manufacturer Rubbens-EGC from the leading global foodservice equipment manufacturer Ali Group, located in Italy.
Rubbens-EGC offers professional customized kitchen equipment for restaurants, canteens and caterers. The company employs a staff of 73 at its two Belgian sites in Kruibeke and Stavelot. In Kruibeke, the company specializes in thermal equipment and kitchen air conditioning, such as: ranges, boiling kettles, frying pans, deep fat fryers, vapo-grills and so on. In Stavelot, Rubbens-EGC has become excellent in the production from non-thermal, stainless steel equipment as custom made worktables, sinks, cupboards, self-service elements etc.
Given its 90-years experience as an estab-lished supplier, Rubbens-EGC provides international customers of the hotel and restaurant industry with professional kitchen equipment. The company supplies comprehensive solutions to its customers covering the entire value chain from design to after sales service.
mutares AG (www.mutares.de), acquires midsized companies, which are sold as a result of a repositioning process at their owners and which exhibit a clear opera-tional improvement potential. Getting en-gaged with its own teams, mutares actively supports its portfolio companies to gener-ate a significant value increase. The focus of the operational work is to ensure sus-tainable, long-term growth. The stocks of mutares AG are listed at the Open Market segment of the Frankfurt stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
Centum Capital has initiated this transaction and advised the buyer in 2011.
Dr. Axel Geuer, founder of the mutares AG and member of its executive board, says: “Based on the strong expertise of the Rubens-EGC team and its profound capability to design innovative customized kitchen interior the company is well positioned to further develop its full potential. mutares welcomes the closing of this transaction with the Ali Group.”