Cornerstone Foodservice Group Enhances Offerings With Equipex Acquisition

Cornerstone Foodservice Group (CFG), a prominent name in premium foodservice equipment, buffetware, and induction solutions, has announced the acquisition of Equipex. Established in 1996, Equipex is known for its high-quality cooking, holding, induction, ventless hood, and display equipment. This strategic move integrates Equipex into CFG’s portfolio, which includes brands like Spring USA, Versa-Gard, LloydPans, and Astra.

The acquisition aims to enhance CFG's product offerings and service capabilities for commercial customers. This alliance provides a comprehensive solution for restaurants, hotels, and other foodservice companies seeking high-quality back-of-house, cooking, and display equipment. The deal also includes SA Vents, Equipex’s patented Small Appliance Ventless Hood System.

Kristine Holtz, CEO of Cornerstone Foodservice Group, stated, "Combining the power and momentum of what our individual organizations have achieved over the last 25+ years will strengthen our value proposition and kitchen equipment offering for the foodservice market both today and in the future." She emphasized that this investment underscores CFG's commitment to providing a comprehensive solution for chefs, operators, and foodservice professionals globally.

Equipex offers a range of products tailored to meet the needs of the foodservice industry. Their portfolio includes Rollergrill International panini grills, convection and pizza ovens, warming displays, waffle bakers, salamanders, and other niche-focused cooking equipment. Additionally, Equipex provides Adventys cooking and warming induction equipment along with its patented countertop small appliances ventless hood system.

Gary Licht, founder of Equipex, will continue with the company in a leadership role. Licht expressed enthusiasm about joining the CFG family of companies. "They have built an impressive business committed to providing quality service and products to the foodservice market. Our acquisition by Cornerstone Foodservice Group allows us to incorporate our vast portfolio of products into their already expansive offering," he said.

Continued Operations

Equipex will maintain its operations from their facility in Providence, Rhode Island. This acquisition is expected to bolster CFG’s position in the foodservice market by expanding its product range and enhancing its service capabilities.

About Cornerstone Foodservice Group

Cornerstone Foodservice Group is renowned for its innovative and premium products trusted by industry professionals worldwide. The group includes brands such as Spring USA, LloydPans, Astra Manufacturing, and Versa-Gard.

About Spring USA

Since 1993, Spring USA has been recognised for its innovation and design in commercial foodservice products. Their offerings include induction ranges & warming equipment, cookware, buffetware, mobile cooking stations, and custom-built tables with hidden induction and cooling elements.

About Equipex

Founded in 1996, Equipex has been producing a wide range of cooking, holding, and display equipment for foodservice establishments. They are particularly known for their small appliance ventless hoods (SA Vent). Equipex collaborates with European manufacturers Adventys Induction and Roller Grill International to offer products like panini grills, convection ovens, pizza ovens, rotisseries, warming displays, and more.

This acquisition marks a significant step for both companies as they aim to provide enhanced solutions to the global foodservice industry.