Chicago-based Ali Group announced Thursday that it has closed on its agreement to acquire InterMetro Industries Corporation and its subsidiaries from St. Louis-based Emerson, for an undisclosed amount.
“We are excited to have become part of the Ali Group and look forward to working closely with Luciano and Filippo Berti and the rest of the management team to expand their extensive offering to the markets we serve globally,” said John Nackley, president and CEO of InterMetro Industries Corporation. “We were fortunate to have been an integral part of Emerson and will move forward well prepared to continue our excellent record of profitable growth.”
Luciano Berti, Ali Group’s chairman and CEO agreed.
“We are very pleased to welcome InterMetro into the Ali Group. The Metro acquisition is strategically important to our group as it strengthens our position as leader in the global commercial foodservice equipment industry," he said. "InterMetro’s leadership in the storage solutions sector opens new opportunities for Ali Group and adds a new dimension to our ability to serve the foodservice equipment market."