Wellbilt to buy Crem International for $224 mln

Wellbilt Inc said Feb. 26 that it agreed to buy Avaj International Holding AB for about 1.8 billion Swedish Krona or $224 million. Priveq Investment Fund IV LP and SEB Venture Capital are the sellers. Avaj International, or Crem International, of Solna, Sweden, makes professional coffee machines.

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