Canada’s Nella Cutlery Buys Majority Stake In Alberta’s Amalgamated Food Equipment

The second largest E&S dealer in Canada, Mississauga, Ont.-based Nella Cutlery, announced the week before Christmas that it has purchased a majority stake in Amalgamated Food Equipment, an Edmonton, Alb.-based dealer. Terms were not disclosed. Nella reported sales of $76 million in 2020, down from $94.3 million in 2019. The company said “Amalgamated’s expertise lies…