Gruppo Cimbali Acquires Majority Stake In Slayer Espresso

More steamy news coming out this morning as it was announced that Italian espresso machine maker Gruppo Cimbali has purchased a majority stake in Seattle-based Slayer Espresso. Slayer now joins La Cimbali, Faema, and Casadio in the Gruppo Cimbali family of espresso machines.

According to the press release, the acquisition is being “positioned as a partnership” and “Slayer will maintain full autonomy in terms of operations and methodologies, with founder Jason [Prefontaine] continuing as President and CEO.” The partnership will increase Slayer’s presence in the international market while giving Gruppo Cimbali an already recognizable, high-end espresso machine line and better access to the American market.

In a statement release on Slayer’s website, Prefontaine had this to say:

The partnership with Gruppo Cimbali is a significant business move for us and has been well thought out over the past year, representing the perfect blend of the classic established know-how of Gruppo Cimbali with the subversive and innovative methodology of Slayer. This partnership will also assist Slayer in streamlining our manufacturing process through consultation and lean production implementation, enhance our engineering expertises and provide us access to build a large, high quality team to truly achieve all of our goals.

The deal was finalized November 16th. For more information on the merger, read Slayer CEO Jason Prefontaine’s statment on Slayer’s official website.

I just hope we get a Slaema Steam61 out of this.

Zac Cadwalader is the news editor at Sprudge Media Network and a staff writer based in Dallas. Read more Zac Cadwalader on Sprudge.

The post Gruppo Cimbali Acquires Majority Stake In Slayer Espresso appeared first on Sprudge.

from RSSMix.com Mix ID 8200593 http://sprudge.com/gruppo-cimbali-acquires-majority-stake-in-slayer-espresso-128532.html