ELGIN, Ill.--(BUSINESS WIRE)--Jan. 23, 2013--
The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition
of Spooner Vicars Bakery Systems, a leading manufacturer of baking
systems for the cookie and cracker industry. Headquartered in
Merseyside, United Kingdom, Spooner Vicars has annual revenue
approaching $10 million.
“As part of Middleby, we have the opportunity to showcase the Spooner
Vicars products to a broader market by leveraging the strength of the
Middleby international sales organization and our existing relationships
with global industrial bakeries,” said Selim A. Bassoul, Chairman and
CEO of The Middleby Corporation. “We continue to see a growing global
demand from our customers to automate their operations, and the Spooner
Vicars portfolio provides an innovative solution that complements our
existing brands in this platform. This respected brand has a
long-standing reputation for industry-leading baking technology
solutions.”
Through acquisition of Spooner Vicars and previously announced Stewart
Systems, Middleby has acquired not only these brands, but also an
established base of manufacturing capabilities in Bangalore, India from
the UCA Group of Companies.
Founded in 1849, Spooner Vicars is a leading manufacturer of baking
systems for the cookie and cracker industry. Spooner Vicars offers
equipment and systems capable of mixing, forming, baking, cooling,
sandwiching and packaging to produce every type of biscuit and snack
baked product.
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, industrial processing
and residential markets. The company's leading equipment brands serving
the commercial foodservice industry include Anets®, Beech®, Blodgett®,
Blodgett Combi®, Blodgett Range®, Bloomfield®, Britannia®, Carter
Hoffmann®, CookTek®, CTX®, Doyon®, frifri®, Giga®, Holman®, Houno®,
IMC®, Jade®, Lang®, Lincat®, MagiKitch'n®, Middleby Marshall®, Nieco®,
Nu-Vu®, PerfectFry®, Pitco Frialator®, Southbend®, Star®, Toastmaster®,
TurboChef® and Wells®. The company’s leading equipment brands serving
the food processing industry include Alkar®, Armor Inox®, Auto-Bake®,
Baker Thermal Solutions® (formerly known as Turkington), Cozzini®,
Danfotech®, Drake®, Maurer-Atmos®, MP Equipment® RapidPak®, Spooner
Vicars® and Stewart Systems®. The company’s leading brands serving the
residential kitchen market include Jade®, Turbochef®, and Viking®. The
Middleby Corporation has been recognized by Forbes Magazine as one of
the Best Small Companies every year since 2005, most recently in October
2012.
For more information about The Middleby Corporation and the company
brands, please visit www.middleby.com.
Source: The Middleby Corporation
The Middleby Corporation
Darcy Bretz, (847) 429-7756
Tim
FitzGerald, (847) 429-7744
