MIDD - Mergers and acquisitions

Acquisition Expands Food Processing Portfolio and Full-Line Solutions for Bakery Business The Middleby Corporation (NASDAQ:MIDD), a leading worldwide manufacturer of equipment solutions for commercial foodservice, food processing, and residential kitchens, today announced the acquisition of Oka-Spezialmaschinenfabrik GmbH & Co. KG (Oka), expanding its portfolio of Middleby Food Processing equipment innovations. Oka is a leading designer and manufacturer of industrial extrusion, molding, depositing and cutting industrial production equipment in bakery, confectionery and pet-food markets. Based in Darmstadt, Germany, the company has annual revenues of $12 million. "Oka is a perfect comple

Acquisition Expands Food Processing Portfolio and Full-Line Solutions for Customers The Middleby Corporation (NASDAQ:MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today announced the acquisition of Frigomeccanica S.p.A, expanding its portfolio of Middleby Food Processing equipment innovations. Frigomeccanica is a global leader in equipment solutions for drying, defrosting, fermentation, refrigeration and preservation used in the food processing industry. Based in Parma, Italy, the company has annual revenues of $30 million. The acquisition enhances Middleby offerings of full-line solutions to cus

The Middleby Corporation (NASDAQ:MIDD) has announced the acquisition of Gorreri Food Processing Technology based outside Parma, Italy. Gorreri is a leading manufacturer of equipment for the baked goods industry, including cakes, pies, muffins, tarts and other desert line solutions. The company operates in a state-of-the-art, 50,000-square-foot facility, which was recently expanded to accommodate growth. Gorreri has revenues of $20 million annually. "Gorreri is a highly respected brand recognized worldwide for premium-quality advanced industrial and semi-industrial baked goods solutions. This acquisition adds a broad line of complementary products to our food processing group, including tu

The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition of JC Ford, a leading manufacturer of tortilla production equipment systems. Founded in 1945, the company is based in Columbia, Tenn., and has $70 million in annual revenues. JC Ford offers a broad range of automated, full-line solutions for corn and flour tortillas, tortilla chips, and other corn-based snacks. In 2021, the company moved into a state-of-the-art, 132,000-square-foot production facility in its Nashville-area headquarters. The consistent increase in consumer demand for tortilla products has made it one of the fastest growing baked food segments both in the U.S. and abroad. "We have targeted the snack food

The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition of Emery Thompson, a well-known, global brand in frozen dessert equipment. Located in Brooksville, Florida, the company has revenues of $10 million annually. "Emery Thompson is a highly respected, well-established brand that will greatly enhance our product offerings in the frozen dessert category. As gelato, frozen yogurt and custard, sorbet, hard ice cream, sherbet and Italian ice continue to gain popularity in the marketplace, Middleby will be well-positioned to address this customer demand," said Tim FitzGerald, Middleby CEO. "There are many synergies between Emery Thompson and Taylor Company, a globally recognized

The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition of GBT GmbH Bakery Technology (GBT). Based in Lünen, Germany, the company has expertise in engineering and manufacturing high-grade industrial baking and bread lines. Annual revenues are approximately €10 million. "GBT customizable equipment highly complements our existing bakery brands and allows us to strengthen our European presence in large scale baking," said Tim FitzGerald, CEO of Middleby. "The company brings German engineering capabilities and a broad knowledge of full line bakery solution integration to Middleby. Adding GBT innovation to our existing bakery portfolio will allow us to expand our offerings and c

The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition of TERRY Water Treatment Solutions. The company has a proprietary, environmentally friendly solution to eliminate and prevent scale build up associated with water usage in commercial foodservice equipment including steam, ice and beverage products. TERRY has $5 million in annual sales and is based in Chandler, Ariz. "TERRY Citryne® is an exceptional, proprietary technology that we are very excited to add to our portfolio. The chemical free, biodegradable solution is proven effective in the removal and prevention of water scale, which is extremely important in commercial foodservice," said Tim FitzGerald, Middleby CEO.

The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition of Filtration Automation Inc., known for Micron-Pro brand high capacity oil management systems. Based in Mansfield, Texas, the company's innovative and patented technologies are used for poultry, fish, and snacks applications. Filtration Automation has annual revenues of approximately $10 million. "Micron-Pro is the leader in oil filtration technology providing customers with substantial savings on oil, while enhancing the consistency of food quality," said Tim FitzGerald, Middleby CEO. "The Micron-Pro patented, continuous filtration technology gives operators labor savings, improved fryer performance and significant o

The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition of Flavor Burst, an innovative technology used in a variety flavored beverage and soft serve products. The company is based in Danville, Ind. and has annual revenues of $5 million. "Flavor Burst provides flavoring systems to enhance customer offerings for soft serve, shakes, slush, smoothies, frozen carbonated beverages, frozen coffees, and frozen cocktails. This technology complements and extends the existing product offerings from our beverage group," said Tim FitzGerald, CEO of Middleby. "Flavor Burst systems can be found in chain restaurants and retail outlets worldwide and are currently used on Taylor equipment, a

The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition Marco Beverage Systems a designer and manufacturer of innovative and energy-efficient beverage dispense solutions. Based in Dublin, Ireland, Marco has annual revenues of $30 million. "Marco is a leader in innovative beverage dispensing systems. This acquisition is highly complementary to our growing beverage portfolio, and the Marco product line further expands our offerings in coffee brewers, cold brew dispense, and a variety of hot, cold and sparkling water dispensers," said Tim FitzGerald, Middleby CEO. "Touchless and in-counter dispense technology is rapidly gaining popularity due to space and labor advantages, alon

The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition of Escher Mixers, a designer and manufacturer of highly-engineered spiral and planetary mixers for the industrial baking industry. Escher customers include large grocery and retail chains, and they provide established solutions for the artisanal bread and pastry industries. Located in Vicenza, Italy, the company has annual revenues of $15 million. "Escher is a leading provider of innovative dough handling and mixing equipment, including automated and robotic solutions. This acquisition is a perfect complement to our current bakery brands and allows us to offer full-line integrated solutions for lower operating costs and

The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition of Colussi Ermes, a leading worldwide manufacturer of automated washing solutions for the food processing industry. Located in Pordenone, Italy the company has approximately $50 million in annual revenues. "Colussi Ermes is a highly respected, global leader directly addressing food safety and sanitation, a top priority across the entire food processing industry," said Tim FitzGerald, Middleby CEO. "Colussi has the broadest offerings of automated washing solutions, covering a wide array of applications. Their washing solutions are in demand due to technology that reduces labor needs, decreases water and energy usage, min

The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition of CP Packaging, a manufacturer of advanced high-speed vacuum packaging equipment. Based in Appleton, Wisconsin, CP Packaging has annual sales of approximately $15 million. "CP Packaging is a leading innovator of horizontal form-fill and seal thermoforming equipment. The CP Packaging systems provide customers with industry leading sanitation, faster production throughput and reduced operating costs. This acquisition further expands upon our ability to provide customers with integrated full-line solutions, while significantly strengthening the packaging equipment offerings in our food processing portfolio," said Tim Fitz

The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition of Icetro, a maker of ice, soft serve and slush machines that are used worldwide in commercial foodservice. With annual sales of approximately $40 million, the company is headquartered in South Korea with U.S. operations based in Anaheim, California. "Icetro products are highly complementary to our growing portfolio of Middleby beverage brands. Because of their exceptional products and demonstrated reliability, Icetro machines are approved by numerous regional and global chain customers," said Tim FitzGerald, Middleby CEO. "Icetro expands our offerings in ice, adding a selection of cubed and flaked machines, while their

The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition of Proxaut, a leading manufacturer of Auto Guided Vehicles (AGVs) for the food industry and industrial processing companies. The company is based in Italy near Bologna with approximately $15 million USD in annual sales. Proxaut AGV technology is used by industry leading manufacturers in a variety of capacities, primarily to move materials and products safely and operate alongside people. Proxaut automation decreases repetitive movements from traditional labor and ergonomically improves workflows. "We are leading the trend for Industry 4.0 in food processing. Our recent strategic investments in automation are coming to

Middleby Residential Grows to More Than $1b in Revenues with Recent Outdoor Brand Additions The Middleby Corporation (NASDAQ:MIDD) has finalized the previously announced acquisition of Masterbuilt Holdings, LLC and their residential outdoor brands Kamado Joe and Masterbuilt. Middleby also has completed the acquisition of Char-Griller, a leader in residential outdoor charcoal and gas cooking products based in Atlanta. Char-Griller has revenues of approximately $150 million in 2021. "We continue to make strategic acquisitions that strengthen our three industry leading foodservice platforms," said Tim FitzGerald, Middleby CEO. "Char-Griller further adds to our product offerings for the outd

The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition of Masterbuilt Holdings LLC, a leader in outdoor residential cooking under the Kamado Joe and Masterbuilt brands with an estimated $250 million in net sales for 2021. Headquartered in the Atlanta area, the brands are known for their outdoor residential products designed for cooking with charcoal. The purchase price of $385 million will be funded in cash and financed under Middleby's existing senior credit facility. The transaction is expected to close in December 2021, subject to completion of closing conditions. "The residential outdoor market has gained momentum over the past few years as consumers are spending more

The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition of Imperial Commercial Cooking Equipment. Based in Corona, Calif., the company manufactures ranges, fryers, ovens, countertop equipment and other specialty cooking products for the commercial kitchen. Imperial has annual revenues of approximately $40 million. "Imperial is a leading, highly-respected commercial foodservice brand with products that complement the existing Middleby core cooking category. While we are enhancing our current brand portfolio, this acquisition also expands our west coast footprint and allows us to provide broader capabilities and support to our domestic customers," said Tim FitzGerald, Middleby

The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition of Novy, a leading manufacturer of premium residential ventilation hoods and cooktops based in Belgium, with sales of approximately $90 million USD annually and EBITDA margins in excess of 20%. "Novy is recognized for its market leading innovations and product designs, complementing our expanding portfolio of premium residential brands. The business is well-positioned in the built-in cooking segment of the residential market, a category which is growing globally," said Tim FitzGerald, Middleby CEO. "We believe there are exciting opportunities to realize synergies with our existing residential brands. The introduction of

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Zhuhai Guangdong China-based United Foodservice Equipment Group. The company is a leader in the design, manufacture and supply of counter top commercial foodservice equipment with recent annual revenues of approximately $10 million. “This strategic acquisition expands our capabilities in a key global location and high-demand market. We expect continued growth in Asia and this acquisition strengthens our capabilities to best serve customers in this region and worldwide,” said Tim FitzGerald, Middleby CEO. “United brings an existing, well-known line of cooking equipment along wi