ELGIN, Ill.--(BUSINESS WIRE)--Dec. 15, 2015--
The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition
of Lynx Grills, Inc., a leading manufacturer of premium residential
outdoor equipment. The company, which sells products under the Lynx and
Sedona brands, has approximately $50 million in annual revenues.
“Lynx is well known for its innovative features, unique design, and
professional quality. The company has many exclusive products and
one-of-a-kind features which position it as a leader in the outdoor
cooking category,” said Selim A. Bassoul, Chairman and CEO of The
Middleby Corporation. “Lynx is a highly complementary fit with our
growing portfolio of premium residential brands. We are excited about
the continued growth opportunities of the Lynx and Sedona brands, which
we believe can be further enhanced within the broader Middleby group.”
The Lynx product offerings include the Professional Series of built-in
and free-standing grills and the Sedona by Lynx line. Lynx features a
variety of complete island styles to match any backyard. Hallmark
features of Lynx Grills include hand crafted construction, integrated
illumination, hot surface ignition, heat stabilizer and the Trident
ProSear™ technology. ProSear allows for precise grill temperature
control to cook a variety of foods at different temperatures at the same
time. Recent product introductions within the Lynx Professional Series
include the Napoli Pizza Oven and the flat cook top Asado Grill. Another
technology innovation, the Lynx “Smart Grill”, introduced in 2015, is
user voice-activated, while the grill has voice response and the cooking
process can be controlled via an app.
The company will continue operations and manufacturing from its Downey
Calif. headquarters.
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®, Beech®, Blodgett®, Blodgett Combi®, Blodgett Range®,
Bloomfield®, Britannia®, Carter-Hoffmann®, Celfrost®, Concordia®,
CookTek®, CTX®, Desmon®, Doyon®, Eswood®, frifri®, Giga®, Goldstein® ,
Holman®, Houno®, IMC®, Induc®, Jade®, Lang®, Lincat®, MagiKitch'n®,
Market Forge®, Marsal®, Middleby Marshall®, MPC®, Nieco®, Nu-Vu®,
PerfectFry®, Pitco Frialator®, Southbend®, Star®, Toastmaster®,
TurboChef®, Viking®, Wells® and Wunder-Bar®. The company’s leading
equipment brands serving the food processing industry include Alkar®,
Armor Inox®, Auto-Bake®, Baker Thermal Solutions®, Cozzini®, Danfotech®,
Drake®, Maurer-Atmos®, MP Equipment®, Processing Equipment Solutions®,
RapidPak®, Spooner Vicars®, Stewart Systems® and Thurne®. The company’s
leading equipment brands serving the residential kitchen industry
include AGA®, AGA Cookshop®, Brigade®,Divertimenti®, Falcon®, Fired
Earth®, Grange®, Heartland®, La Cornue®, Leisure Sinks®, Lynx®, Marvel®,
Mercury®, Rangemaster®, Rayburn®, Redfyre®, Sedona®, Stanley®,
TurboChef®, U-Line® and Viking®. In 2014 and 2015, The Middleby
Corporation was named a Fastest Growing Company by Fortune Magazine.
For more information about The Middleby Corporation and the company
brands, please visit www.middleby.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151215006929/en/
Source: The Middleby Corporation
The Middleby Corporation
Darcy Bretz, (847) 429-7756
Tim
FitzGerald, (847) 429-7744
