Greenfield World Trade, Inc. d/b/a The Legacy Companies (“Legacy”), a leading consumer products and commercial food service equipment provider, today announced that it has closed upon its acquisition of Admiral Craft Equipment Corp. of Jericho, New York. Terms of the transaction were not disclosed.
Admiral Craft is a leading manufacturer and distributor of equipment, smallwares and supplies to the commercial foodservice industry since 1952. Admiral Craft brands such as AdCraft, Black Diamond, Grista, Lunar Ice and U-Star are sold by authorized restaurant equipment dealers throughout North America. Admiral Craft is well known in the industry for its competitive pricing, superior customer service, prompt shipment and an exceptional fill rate.
Neal Asbury, Legacy’s President stated, “We are incredibly pleased to welcome Admiral Craft into The Legacy Companies. The Admiral Craft acquisition is strategically important to us as it enhances and strengthens our position in the commercial foodservice market. Admiral Craft’s product offering is complementary to our existing businesses with the potential to further expand key account relationships and capitalize on cross selling opportunities. With this acquisition we are further enabled to align our efforts to provide best in class practices and products to the ever-changing foodservice industry.”
Commenting on the transaction, Rick Powers, CEO of Admiral Craft, stated, "We are excited to join a global leader that provides a solid foundation for our continued growth. The Legacy Companies offers us the opportunity to leverage complementary product offerings, enter new markets and enhance customer relationships. I believe Legacy’s stewardship and complementary businesses will be beneficial to both the customers and employees of Admiral Craft. Joining forces with Legacy will allow our combined team the opportunity to use their decades of experience and industry knowledge to better serve customers in the foodservice and hospitality markets.”
For more information about Admiral Craft, visit www.admiralcraft.com