Press Release: Astra Manufacturing® Acquired by Cornerstone Foodservice Group

Cornerstone Foodservice Group Cornerstone Foodservice Group adds third company to portfolio.

NAPERVILLE, ILLINOIS – January 15, 2019- Cornerstone Foodservice Group, of ShoreView Industries, is pleased to announce that it has acquired assets of Astra Manufacturing, Inc., a designer and manufacturer of premium coffee equipment for both the commercial and home segments.  This is the group’s third acquisition. They acquired Spring USA in September 2016 and LloydPans in July 2017.

“Cornerstone is a family of innovative and trusted brands,” said Kristine Holtz, CEO of Cornerstone Food Service Group. “We believe Astra’s thoughtful approach to the art of coffee provides a highly profitable solution for our customers in the fast-paced, rapidly growing premium coffee segment.”

“I am excited to be joining forces with Cornerstone Foodservice Group,” said Richard Hourizadeh, President and Founder of Astra Manufacturing, Inc. “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.”