The Legacy Companies Announces the Acquisition of Admiral Craft Equipment Corporation
AUGUST 12, 2022
Jericho, NY; and Fort Lauderdale, FL. (August 2022) – 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.”
Kramer Levin Naftalis & Frankel LLP (New York, NY) acted as legal advisors for The Legacy Companies. Fox Swibel Levin & Carroll, LLP (Chicago, IL) acted as legal advisors to Admiral Craft Equipment Corp.
About The Legacy Companies
The Legacy Companies, a privately-owned company, is a leading consumer products and food service equipment provider that designs, manufactures, distributes and markets, nationally and internationally, a diverse portfolio of products under world-class brands such Avanti®, Back to Basics®, Bevles®, Blakeslee®, Chef’sChoice®, EdgeCraft®, Excalibur®, General®, Greenfield World Trade, Maxx Cold®, Maxx Ice®, Maxx Scientific®, Omega®, Vinotemp®, Vinturi®, WestBend®, Yonanas® and Zeroll®. The Legacy Companies is headquartered in Fort Lauderdale, Florida.
For more information on The Legacy Companies, visit www.TheLegacyCompanies.com
About Admiral Craft Corporation
Since 1952, Admiral Craft Equipment Corp. is a leading manufacturer and distributor of equipment, smallware’s and supplies to the commercial foodservice industry. Offering in excess of 2,000 products with strategically placed distribution, Admiral Craft products are sold throughout North America and include brands such as Black Diamond, Lunar Ice, U-Star, Grista and Adcraft.
For more information about Admiral Craft, visit www.admiralcraft.com