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A New York group has purchased Mr. Coffee.

July 06, 1987

A partnership formed by McKinley Allsopp, a securities firm, acquired North American Systems, makers and distributors of the automatic drip coffee maker, in a leveraged buyout from founders Vincent G. Marotta Sr. and Samuel L. Glazer. The price was not disclosed. The Cleveland firm will be renamed Mr. Coffee Inc. One of the buyers, John M. Eikenberg, former president of RevereWare and the National Housewares Manufacturers Assn., will be president and chief executive.

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