Greenfield World Trade, Inc. d/b/a The Legacy Companies (“Legacy”), a leading supplier of consumer products and commercial food service equipment, announced today that it has closed following the 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 food industry since 1952. Admiral Craft brands such as AdCraft, Black Diamond, Grista, Lunar Ice and U-Star are sold from authorized restaurant equipment dealers throughout North America. . Admiral Craft is well known in the industry for its competitive pricing, superior customer service, prompt shipping and an exceptional fill rate.
Neal Asbury, President of Legacy stated: “We are incredibly pleased to welcome Admiral Craft to The Legacy Companies. The acquisition of Admiral Craft is strategically important to us as it strengthens and strengthens our position in the commercial food service 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 empowered to align our efforts to providing best-in-class practices and products to the ever-evolving food 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 businesses offer us the opportunity to leverage complementary product offerings, enter new markets. and strengthen customer relationships. I believe Legacy’s management and complementary businesses will be beneficial to both Admiral Craft’s customers and employees. Joining forces with Legacy will allow to our combined team the opportunity to use their decades of experience and industry knowledge to better serve customers in the restaurant and hospitality markets.”
For more information about Admiral Craft, visit www.admiralcraft.com