ELGIN, Ill.--(BUSINESS WIRE)--Apr. 3, 2014--
The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition
of the assets of Processing Equipment Solutions, Inc. (“PES”), a leading
manufacturer of equipment for the food processing industry based in
Gainesville, Georgia. PES product offerings include the IntelliJet™ and
MegaJet™ line of water cutting systems, meat presses and fillet
systems. PES has annual revenues of approximately $15 million.
“The acquisition of PES highly complements our existing portfolio of
technologies for the food processing industry. The MegaJet and
IntelliJet line of water cutting systems are state of the art, providing
a high volume, accurate and flexible solution to our food processing
customers,” said Selim A. Bassoul, Chairman and CEO of The Middleby
Corporation. “We believe there are significant sales and manufacturing
synergies with this transaction. Through existing Middleby’s global
sales and service infrastructure we will be able to introduce the line
of PES products to new markets.”
Visit www.pesparts.com
to learn more about Processing Equipment Solutions, Inc.
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®, CookTek®, CTX®,
Doyon®, frifri®, Giga®, Holman®, Houno®, IMC®, Jade®, Lang®, Lincat®,
MagiKitch'n®, Market Forge®,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® and Stewart Systems®. The company’s leading
equipment brands serving the residential kitchen industry include
Brigade®, Jade®, TurboChef® and Viking®.
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
