Cornerstone Foodservice Group acquires Astra Manufacturing
NAPERVILLE -- Cornerstone Foodservice Group has acquired the assets of Astra Manufacturing, Inc., a California-based designer and manufacturer of premium coffee equipment for both the commercial and home segments.
Terms of the acquisition were not announced.
Since 1993, Astra has produced premium, professional espresso machines, steamers, grinders and accessories. Designed with aerospace engineering and manufactured within the USA, the machines provide gourmet coffee selections to a wide range of commercial and residential consumers.
"Cornerstone's vast customer and distribution channels will allow us to bring our products to new markets and help fuel Astra's long-term growth." said Richard Hourizadeh, President and Founder of Astra Manufacturing, Inc.
About Astra Manufacturing, Inc.
It is the Cornerstone Foodservice Group third acquisition. They acquired Spring USA, a manufacturer of commercial pizza pans and pizza tools, commercial bakeware, and commercial and consumer restaurant equipment in September 2016, and LloydPans, a manufacturer of commercial grade baking, pizza, and restaurant equipment, in July 2017.
"We believe Astra's thoughtful approach to the art of coffee provides a highly profitable solution for our customers in the face-paced, rapidly growing premium coffee segment," said Kristine Holtz, CEO of Cornerstone Food Service Group.