Astra Manufacturing, Inc.
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Astra Manufacturing, Inc. - overview
Established
1993
Location
Los Angeles, CA, US
Primary Industry
Consumer Products
About
Astra Manufacturing, Inc. is a producer of high-quality espresso machines and steamers, servicing both commercial and home users with a focus on durability and ease of use. Founded in 1993 and headquartered in Los Angeles, US, Astra Manufacturing, Inc. specializes in the design and manufacture of espresso machines.
In January 2019, the company was acquired by Cornerstone Foodservice Group, Inc. , a portfolio company of ShoreView. The founder's history is not detailed, nor are any subsidiaries mentioned. The company has completed a total of one deal.
Astra specializes in the manufacture and sale of high-quality espresso machines and steamers, designed for both commercial and home users. Their core product offerings include single, two, and three-group espresso machines, as well as super automatic models that produce a variety of barista-quality beverages with minimal effort. The machines are built with U. S.
-standard parts and handcrafted in Washington state, ensuring durability and reliability. Astra's products are designed for ease of use and maintenance, making them suitable for coffee shops, restaurants, and dedicated coffee enthusiasts. The company primarily serves the North American market but aims to expand into other international markets as demand for premium espresso machines continues to grow. Astra generates revenue through direct sales of its espresso machines and steamers, targeting both B2B and B2C markets.
The business model includes one-time purchases for its flagship products, such as the single and multi-group espresso machines, catering to professionals in the coffee industry and home users seeking high-performance equipment. The company also engages in partnerships with retailers and wholesalers to expand its distribution channels. Revenue is supplemented by the sale of accessories and replacement parts, typically qualifying for free shipping under specific conditions. Astra emphasizes quality and customer service, aiming to foster long-term relationships with clients by providing exceptional products and support.
Astra Manufacturing, Inc. is focused on expanding its product line and geographic reach. Plans include the development and launch of new espresso machines targeting various market segments, although specific release dates are not provided. The company aims to penetrate additional international markets by 2023, leveraging insights from its recent acquisition.
The financial terms of the acquisition in January 2019 were not disclosed, indicating the potential for growth through strategic investments.
Current Investors
Cornerstone Foodservice Group, Incorporated
Primary Industry
Consumer Products
Sub Industries
Household Appliances
Website
www.astramfr.com
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Astra Manufacturing, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Astra Manufacturing, Inc. | - |
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