CHICAGO — Ali Group announced that it has successfully closed on its agreement to acquire Kold-Draft International from The Legacy Companies. Terms of the transaction were not disclosed.

 “We are very pleased to welcome Kold-Draft into the Ali Group,” said Filippo Berti, Ali Group’s chairman and CEO. “The Kold-Draft acquisition is strategically important to our Group as it strengthens our position as a leader in the global commercial foodservice industry. This latest acquisition provides us with one of the industry’s most unique and well-known ice shapes and further enhances our portfolio in the ice machine segment. The addition of very strong and well-recognized brands to those of the Group increases Ali’s global presence and visibility.”

Want more HVAC industry news and information? Join The NEWS on Facebook, Twitter, and LinkedIn today!