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Crem International continues its expansion with Welbilt as new owner
February 26, 2018

NYSE listed Welbilt, Inc., a leading global provider of commercial foodservice equipment, has entered into a definitive agreement to acquire 100 percent of the shares of Avaj International Holding AB “Crem International”, which is majority owned by private equity firms Priveq Investment Fund IV L.P. and SEB Venture Capital, for total consideration of approximately SEK 1,800 million.

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