Cornerstone Foodservice Group acquires Astra Manufacturing

Updated 1/16/2019 8:35 AM

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.

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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.

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