The company that acquired Angelo Po during the summer has dipped into its war-chest again to take over commercial pasta equipment maker Dominioni.
Marmon Food, Beverage & Water Technologies Company, which is part of Warren Buffet’s Berkshire Hathaway, has paid an undisclosed sum to take over the Italian outfit, which has been family-run and owned since 1968.
Dominioni designs and produces professional pasta equipment for the restaurant, hospitality and catering markets, as well as high-volume pasta manufacturers.
The business will continue to operate under the Dominioni brand name and its operations will remain based in Como. Fabrizio Dominioni, son of the founder, will stay on to manage the business.
Fabrizio Valentini, president and CEO of Marmon Food, Beverage & Water Technologies Company, said: “Dominioni is an important addition to our organisation. With Angelo Po, it will significantly contribute to our company’s growth, both geographically and technologically, as we continue to invest in the worldwide foodservice, restaurant, and catering market.”
Marmon’s brands also include Prince Castle, Silver King and Sagi for food preparation equipment, Cornelius beverage dispensing and cooling equipment, and EcoWater and KX Technologies water purification equipment.
In June, Marmon snapped up Angelo Po. The brand manufactures cooking ranges and food preservation systems for customers worldwide. Marmon said that Dominioni’s products complement those offered by Angelo Po.
Marmon said the acquisition of Angelo Po was a “significant” strategic move designed to help it expand further into key European and international markets. Currently, Angelo Po employs 450 people with three production units in Italy and four foreign branches. It ended last year with a consolidated turnover of around £71m. It operates factories in Carpi and Ascoli Piceno, which are being maintained.
The company is a subsidiary of Marmon Holdings, a global, diversified industrial organisation comprising about 185 independent manufacturing and service businesses. Marmon’s revenues totalled in excess of £6 billion last year.