M&As this week: AB Electrolux, Milk Specialties, The Chefs’ Warehouse, American Securities

Swedish multi-national home appliance manufacturer AB Electrolux will soon take over Australian climate-controlled wine cabinets supplier, Vintec. The acquisition is expected to be completed by September this year.

Private equity firm American Securities, in an affiliation with Milk Specialties’ management team, has acquired all assets of the latter company from its current owners Kainos Capital.

Kainos Capital, a private equity firm based in the US, acquired Milk Specialties from its previous owners in 2011.

Milk Specialties is a milk protein ingredients manufacturing company headquartered in Eden Prairie. Post the acquisition, the acquired company will continue to operate from its current headquarters with no change to its current employees and management.

The Chefs’ Warehouse has taken over Chicago-based dairy products supplier MT Food Service by buying all assets of the target company, with the aim of further expanding in the industry.

The Chefs’ Warehouse is a specialty food distributor in the US hotel industry.

The Milk Specialties Company has been acquired from Kainos Capital by American Securities and its management team.

The target dairy product company will retain its headquarters in Eden Prairie, Minnesota, and will continue to operate with its team of roughly 700 employees, as well as its executives and senior leaders.

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Image: The Chefs’ Warehouse is s a specialty food distributor in the US hotel industry. Photo: Courtesy of Rainer Zenz