M&A Deal Summary

Cornerstone Foodservice Group Acquires Lloyd Pans

On July 14, 2017, Cornerstone Foodservice Group acquired manufacturer Lloyd Pans

Acquisition Highlights
  • This is Cornerstone Foodservice Group’s 1st transaction in the Manufacturing sector.
  • This is Cornerstone Foodservice Group’s 1st transaction in the United States.
  • This is Cornerstone Foodservice Group’s 1st transaction in Washington.

M&A Deal Summary
Date 2017-07-14
Target Lloyd Pans
Sector Manufacturing
Buyer(s) Cornerstone Foodservice Group
Deal Type Add-on Acquisition

Target

Lloyd Pans

Spokane Valley, Washington, United States
Lloyd Pans LLC is a manufacturer of commercial pizza pans & tools, commercial bakeware, and commercial & consumer restaurant equipment. Lloyd Pans was founded in 1986 and is based in Spokane Valley, Washington.

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Buyer(S) 1

Buyer

Cornerstone Foodservice Group

Naperville, Illinois, United States
Category Company
Sector Manufacturing
DESCRIPTION

Cornerstone Foodservice Group is a designer and provider of foodservice equipment for the hospitality sector. The product includes buffet systems, induction cooking systems, mobile cooking stations, tableware, and cookware. Cornerstone Foodservice Group is based in Naperville, Illinois.

DEAL STATS #
Overall 1 of 2
Sector (Manufacturing) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Washington) 1 of 1
Country (United States) 1 of 2
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-15 Astra Manufacturing

Canoga Park, California, United States

Astra Manufacturing, Inc. is a producer of premium, professional espresso machines, steamers, grinders, and accessories. Designed with aerospace engineering and manufactured within the USA, these reliable and efficient machines provide gourmet coffee selections to a wide range of commercial and residential consumers.

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