ELGIN, Ill.--(BUSINESS WIRE)--Dec. 3, 2018--
The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition
of Crown Food Service Equipment, Ltd., a leading design and manufacturer
of steam cooking equipment for the commercial foodservice industry. The
Toronto, Canada based company was founded by the late Mr. Josef Stritzl
nearly forty years ago and has approximately $20 million in annual
revenues.
“Josef Stritzl was a pioneer in the development of the steam and kettle
cooking industry as well as a longtime friend and respected business
colleague. Our strong and deep rooted relationship with the Stritzl
family goes back for more than twenty-five years,” said Selim A.
Bassoul, Chairman and CEO of The Middleby Corporation. “The Crown
acquisition complements other recent strategic investments in the steam
cooking category, including the acquisitions of Firex and Market Forge.
With this collection of brands and products, the Middleby steam platform
is positioned with industry leading innovations and customer solutions
including unique offerings that address customer demands for labor
savings, menu flexibility and automation, while also supporting growing
foodservice trends of sous vide-cooking, organic, and health awareness.
With this acquisition, I am also pleased to announce Group President
John Perruccio will oversee the Middleby steam group, in addition to
continuing responsibilities for the Southbend and Star brands. John will
lead a unified and focused strategy to bring this complement of brands
and product offerings to the marketplace, which we believe will allow us
to capture significant growth opportunities in the steam cooking
category.”
ABOUT THE MIDDLEBY CORPORATION
The Middleby Corporation is a global leader in the foodservice equipment
industry. The company develops, manufactures, markets and services a
broad line of equipment used in the commercial foodservice, food
processing, and residential kitchen equipment industries. The company's
leading equipment brands serving the commercial foodservice industry
include Anets®, Bear Varimixer®, Beech®, Blodgett®, Blodgett Combi®,
Blodgett Range®, Bloomfield®, Britannia®, Carter-Hoffmann®, Celfrost®,
Concordia®, CookTek®, Crown Food Equipment®, CTX®, Desmon®, Doyon®,
Eswood®, frifri®, Firex®, Follett®, Giga®, Globe®, Goldstein®, Holman®,
Houno®, IMC®, Induc®, Jade®, JoeTap®, Josper®, L2F®, Lang®, Lincat®,
MagiKitch'n®, Market Forge®, Marsal®, Middleby Marshall®, MPC®, Nieco®,
Nu-Vu®, PerfectFry®, Pitco Frialator®, QualServ®, Southbend®, Star®,
Sveba Dahlen®, Taylor®, Toastmaster®, TurboChef®, Wells® and
Wunder-Bar®. The company’s leading equipment brands serving the food
processing industry include Alkar®, Armor Inox®, Auto-Bake®, Baker
Thermal Solutions®, Burford®, Cozzini®, CVP Systems®, Danfotech®,
Drake®, Emico®, Glimek®, Hinds-Bock®, Maurer-Atmos®, MP Equipment®,
M-TEK®, RapidPak®, Scanico®, Spooner Vicars®, Stewart Systems®, Thurne®
and Ve.Ma.C.®. The company’s leading equipment brands serving the
residential kitchen industry include AGA®, AGA Cookshop®, Brigade®,
Fired Earth®, Grange®, Heartland®, La Cornue®, Leisure Sinks®, Lynx®,
Marvel®, Mercury®, Rangemaster®, Rayburn®, Redfyre®, Sedona®, Stanley®,
TurboChef®, U-Line® and Viking®.
For more information about The Middleby Corporation and the company
brands, please visit www.middleby.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20181203005529/en/
Source: The Middleby Corporation
Darcy Bretz, Investor and Public Relations, (847) 429-7756