Leading Italian foodservcie equipment manufacturer Ali Goup sold its Belgian subsidiary to German based industry group mutares AG.
Rubbens-EGC offers professional customized kitchen equipment for restaurants, canteens and caterers. The company employs a staff of 73 at its two Belgian sites in Kruibeke and Stavelot. In Kruibeke, the company specializes in thermal equipment and kitchen air conditioning, such as: ranges, boiling kettles, frying pans, deep fat fryers, vapo-grills and so on. In Stavelot, Rubbens-EGC has become excellent in the production from non-thermal, stainless steel equipment as custom made worktables, sinks, cupboards, self-service elements etc.
mutares AG (www.mutares.de), acquires midsized companies, which are sold as a result of a repositioning process at their owners and which exhibit a clear opera-tional improvement potential. Getting en-gaged with its own teams, mutares actively supports its portfolio companies to gener-ate a significant value increase. The focus of the operational work is to ensure sus-tainable, long-term growth. The stocks of mutares AG are listed at the Open Market segment of the Frankfurt stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
Centum Capital has initiated this transaction and advised the buyer in 2011.