Headwaters MB advised EdgeCraft Corporation, a leading provider of small electric appliances and tools, on its sale to The Legacy Companies. Terms of the transaction were not disclosed.
Founded in 1984, EdgeCraft Corporation designs, manufactures and distributes the world renowned Chef’sChoice brand of high quality small electric appliances and tools. Chef’sChoice has distinguished itself as a premier brand in housewares, sports & outdoor and commercial markets, offering a growing range of highly functional products to meet consumers’ needs. The brand is known worldwide for creating the knife sharpener category, where it is the undisputed leader, and for producing professional-quality waffle makers, electric kettles, food slicers and other small appliances found in top gourmet & specialty retailers, department stores, catalog & online, sports retailers and commercial equipment dealers. Chef’sChoice will be a significant add-on to The Legacy Companies portfolio of high quality consumer housewares and commercial kitchen equipment, appliances and gadgets.
“We are delighted by this opportunity to position the company and its management team for future growth", said Sam Weiner, President of EdgeCraft. "We are also grateful for Headwaters' outstanding professionalism in bringing together two great companies and managing the entire transaction process."
“It was a privilege to represent this premier company and work with its talented management team”, said Phil Seefried, Managing Director at Headwaters MB. “The transaction will have many significant strategic benefits for both sides. Legacy will add an iconic brand and category leader to its already strong portfolio, allowing it to expand into new categories and broaden its reach in retail channels. And, EdgeCraft will be able to accelerate its growth trajectory and achieve its full potential under a larger, better capitalized owner, including expanding its business in international and commercial markets.”
About Chef'sChoice by EdgeCraft
Located in the heart of scenic Avondale, PA, EdgeCraft Corporation manufactures its world renowned Chef’sChoice® brand of advanced technology small kitchen electrics, which include the world’s largest selection of electric and manual knife sharpeners, electric food slicers, waffle makers, and hot beverage products. Available in over 80 countries worldwide, Chef’sChoice products are enjoyed by consumers everywhere. For additional information, visit www.chefschoice.com.
About The Legacy Companies
Headquartered in Fort Lauderdale, Florida, The Legacy Companies designs, manufactures and markets food service equipment, home appliances and kitchen tools and accessories. Sold to the commercial, retail, health and nutrition and internet markets, Legacy does business in more than 130 countries through a network of distributors and dealers. For more information, visit www.thelegacycompanies.com.