Seb: acquires Wilbur Curtis in the US
(CercleFinance.com) - The Seb Group announces the acquisition of 100% of Wilbur Curtis, the No.
2 in Coffee Filters for Professionals, a deal that will require the usual regulatory approvals, and which is expected to be finalised in February 2019.
Wilbur Curtis produces and sells equipment for the preparation of hot and cold beverages - mainly coffee filter and cappuccino machines. Its sales, which are seeing steady growth, amount to over 90 million dollars, most of which are in the US.
Its industrial site employs 300 people in Montebello, California. As with previous acquisitions, this deal will be financed by debt of this operation will be carried out by indebtedness and Seb will use existing credit facilities.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
2 in Coffee Filters for Professionals, a deal that will require the usual regulatory approvals, and which is expected to be finalised in February 2019.
Wilbur Curtis produces and sells equipment for the preparation of hot and cold beverages - mainly coffee filter and cappuccino machines. Its sales, which are seeing steady growth, amount to over 90 million dollars, most of which are in the US.
Its industrial site employs 300 people in Montebello, California. As with previous acquisitions, this deal will be financed by debt of this operation will be carried out by indebtedness and Seb will use existing credit facilities.
Copyright (c) 2019 CercleFinance.com. All rights reserved.