The Legacy Companies, developer and marketer of several brands of household kitchen products and food service equipment, has acquired the kitchen countertop appliance and non-electric kitchenware and utensil lines of Team International Group of America, Inc., which did business under the Kalorik brand.
Terms of the asset purchase transaction were not disclosed. The Kalorik brand is a strong complement to the existing umbrella of Legacy brands, bringing high-quality innovation and style at affordable prices, said Neal Asbury, president and CEO of The Legacy Companies.
The Legacy Companies develops and markets small appliances and housewares under such brands as West Bend, Omega, Avanti, Chef’sChoice, Excalibur, Vinturi, Zeroll and Yonanas. The company supplies food service appliances and equipment under such brands as Admiral Craft, BevLes, Blakeslee, General, Legion and Maxx Cold.
In expanding the breadth of Legacy’s brands in countertop appliances, the Kalorik acquisition also brings the expansion of thin film transistor technology to the company’s portfolio. This included sleek, high-definition user interfaces featuring large touchscreen controls.
“We are excited to welcome the well-recognized Kalorik product lines we have acquired to the Legacy family,” Asbury said. “The Kalorik product lines are strategically important to us and enhances our position in the countertop appliance market segment. The Kalorik end markets and customer base are highly complementary to our existing businesses with the potential to expand key account relationships further and to capitalize on cross-selling opportunities.”
