The Legacy Companies Announces Acquisition of Bevles® from Standex International Corporation
Fort Lauderdale, FL – June 30, 2015 – The Legacy Companies today announced it has completed the acquisition of Bevles®, a leading producer of proofers, cabinets and racks for the both commercial foodservice and retail markets from Standex International Corporation (NYSE:SXI).
Bevles’® rich history and manufacturing legacy are part of the reason its products are relied upon by world-class customers such as Taco Bell, Cinnabon, and Tim Hortons.
According to Neal Asbury, President and CEO of The Legacy Companies, “We are excited for the opportunity to expand Legacy’s portfolio with Bevles®, a company which compliments perfectly our tradition of providing quality products and services to our customers around the globe.”
“I am pleased that Bevles® will be in the hands of such an outstanding organization,” said Anne De Greef-Safft, Group President of the Standex Food Service Equipment Group. “The Legacy Companies is highly regarded for the performance and quality of their products and the broad solutions they provide globally. Customers that have known and trusted the Bevles® brand can look forward to continued innovation and high service levels.”
The effective date of the sale is June 30, 2015.
About The Legacy Companies
The Legacy Companies is a leading food service company that designs, manufactures and markets, nationally and internationally, a diverse portfolio of products under world-class brands such as Blakeslee®, Excalibur® Food Dehydrators, General®, Greenfield WorldTrade, Kold-Draft®, Maxximum®, Nautilus® & Dol-Fyn® Water Purification, Omega® Beverage Equipment and Zeroll® Small-wares. The Legacy Companies is headquartered in Fort Lauderdale, FL. More information can be found on the Web at www.TheLegacyCompanies.com.
Standex International Corporation is a multi-industry manufacturer in five broad business segments: Food Service Equipment Group, Engineering Technologies Group, Engraving Group, Electronics Products Group, and Hydraulics Products Group with operations in the United States, Europe, Canada, Australia, Singapore, Mexico, Brazil, Argentina, Turkey, South Africa, India and China. For additional information, visit the Company’s website at: www.standex.com.