The Legacy Companies has acquired Avanti Products, best known for its assortment of compact appliances including refrigerators, microwave ovens, wine refrigerators and ice makers.
“Today marks the beginning of an exciting new era for The Legacy Companies, as we now move forward to realize the potential of our combined businesses,” said Neal Asbury, Legacy’s CEO. “In bringing Avanti into The Legacy Companies, we create a new enterprise that is well positioned to uniquely serve customers who are looking for enjoyable and convenient solutions designed for small living spaces.”
According to Legacy, the addition of Avanti to its portfolio of brands that includes Omega, Chef’sChoice, West Bend and Excalibur among others, is expected to provide opportunities to scale its presence with key retailers, channels as well as geographies.
The acquisition of Avanti is the latest in a string of additions made by Legacy in recent years. The Ft. Lauderdale-based company has added brands including Chef’sChoice, West Bend and Vinturi to its portfolio over the past three years.