Cabin interior manufacturer Jamco Corporation is to acquire galley equipment company Iacobucci HF Aerospace S.p.A. (IHFA). Terms of the deal have not been announced,
The deal has been funded by private investment fund Bain Capital, which also owns Jamco. It is expected that the transaction will close by the end of 2025.
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Founded in 1994, IHFA is a developer and supplier of espresso and beverage makers, trash compactors, ovens and other galley inserts for commercial aviation. Under the leadership of CEO Lucio Iacobucci, IHFA has its headquarters, product manufacturing and R&D in Ferentino, Italy and a global network of repair centres.
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As part of the transaction, Jamco Corporation will acquire 100% of IHFA’s shares from a vehicle managed by Lichtenberg Capital and other investors. IHFA will continue to operate as an independent company with the full continuity of its executive team, under the leadership of Kate Schaefer, Executive Chair of Jamco Corporation.
Lucio Iacobucci, CEO of IHFA, remarked, “We believe that IHFA has always been the technology leader in galley inserts, but with the support of Jamco and Bain Capital, we can significantly expand our customer reach and manufacturing base to become the leader in these important categories. As premium widebody customers are investing in the passenger experience, IHFA will continue to be the partner of choice that sets the standard of customer experience in food and beverage equipment.”