Hoshizaki acquires Brema, Italian Commercial Ice Maker Manufacturer

Hoshizaki Corporation (hereafter referred to as Hoshizaki) announces that Hoshizaki has decided to acquire all shares of Brema Group S.p.A (hereafter referred to as Brema), an Italian manufacturer of commercial icemakers, through Hoshizaki Europe Holdings B.V. a subsidiary wholly owned by Hoshizaki. With the addition of Brema to our group, we aim to become the No. 1 commercial icemaker manufacturer in Europe.

Brema, an Italy based manufacturer of commercial icemakers, has been actively expanding its business in Italy as well as in Southern Europe, Eastern Europe and Middle Eastern countries, taking advantage of its wide product lineup, mainly in the value price range. In Europe, Hoshizaki has been expanding commercial icemaker business, in the UK, France, Germany Scandinavia, etc., with a focus on high end products. By participation of Brema, Hoshizaki Group will be able to add Brema’s value priced products to Hoshizaki’s high end products. Therefore, we believe there are complementary synergies in terms of product portfolio and sales network.

Hoshizaki will continue to invest aggressively in global businesses, including M&A, to expand existing businesses and enter new business areas, aiming to become the global No. 1 company in the foodservice industry.