Announced
Completed
Synopsis
The Middleby Corporation, a commercial and residential cooking and industrial process equipment company, completed the acquisition of Firex Srl, a manufacturer of steam cooking equipment. Financial terms were not disclosed. “The Firex acquisition extends our product offerings in steam and sous vide cooking, categories which continue to grow due to health benefits and enhanced food quality. Firex products are highly innovative and include automated features allowing for reduced labor, increased capacity and standardization of cooking processes. We see expanded opportunities for growth as we introduce Firex products in the U.S. to complement our current equipment lineup and in the international markets leveraging our infrastructure and customer relationships globally,” Selim Bassoul, The Middleby Corporation CEO.
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