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CORRECTION: Ross Common Capital Acquires Majority Stake in PITT Cooking, Accelerating Global Growth and Expansion

Monday, 06 May 2024 06:25 PM

PITT Cooking America LLC

(THIS UPDATES THE RELEASE POSTED EARLIER ON MAY 6, 2024 TO UPDATE LEGAL REPRESENTATION.)

DE MEERN, THE NETHERLANDS AND NEW YORK, NY / ACCESSWIRE / May 6, 2024 / Ross Common Capital (RCC) announces its acquisition of a majority stake in PCS Holding BV, the owner of PITT Cooking, the innovative Dutch manufacturer of handmade and design-led integrated cooktops.

Headquartered in De Meern, the Netherlands and founded in 2009, PITT Cooking has been at the forefront of the kitchen industry with its patented design that elegantly integrates burners into the countertop. PITT has been delighting the most discerning home chefs around the world with its unique burner layouts and superior performance.

Since 2022, RCC has owned PITT Cooking America (PCA), the US and Canadian distributor for PITT Cooking's unique products. The transaction continues RCC's commitment to the PITT Cooking business, and provides the opportunity to accelerate PITT's growth and expand the company's global footprint.

RCC partners Mark Nichol and Peter Glusker will assume leadership of the combined entity as Co-CEOs. Heather Squire will continue as the President of North America, and David Crane will move into a global role as SVP & Global Head of Sales & Business Development. PCS Holding's current management team will remain significant minority investors. Co-Founder Maikel Bink will remain in a key leadership role at the company advancing sales and business development efforts, while Arold Korst will continue as a board member.

Mark Nichol, Co-Founder of RCC expressed his enthusiasm, "PITT Cooking has created the most beautiful and design-forward cooktops, with unparalleled performance. We couldn't be more excited to bring this suite of beautiful products to even more homes around the world."

Maikel Bink, Co-Founder of PITT Cooking echoed the excitement saying, "We are delighted to partner with our North American team who not only bring a wealth of global brand-building experience to the table, but have also shown their ability to build PITT Cooking in the North American market in a short period of time."

David Crane, the new SVP & Global Head of Sales & Business Development, noted "We are thrilled to join forces with Ross Common Capital and PITT Cooking. We look forward to replicating the strong growth we have created in North America to new markets throughout the globe."

RCC was represented by Hunton Andrews Kurth LLP in the United States, and NautaDutilh in the Netherlands.

For more information and inspiration about PITT Cooking and its integrated cooktops, visit pittcooking.com.

About Ross Common Capital:
Ross Common Capital is a private equity investment firm dedicated to partnering with high-potential companies to drive growth and create long-term value. With a focus on strategic investments in highly profitable companies in innovative and disruptive industries, Ross Common Capital provides capital, expertise, and support to enable companies to realize their full potential.

Contacts:PITT CookingRoss Common Capital
pittcooking.com[email protected]
[email protected]

SOURCE: PITT Cooking America LLC

Topic:
Company Update
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