a day ago
Kitchen equipment maker Hoshizaki to buy US peer for $375m
NAGOYA, Japan -- Hoshizaki, a Japanese manufacturer of kitchen equipment, said Friday it would acquire U.S. food showcase maker Structural Concepts in a move to strengthen its sales in the American market.
Hoshizaki will use its U.S. subsidiary to buy all of Structural Concepts' issued shares by around the end of July. The deal is expected to be worth $375 million, making it the largest acquisition in Hoshizaki's history.
