Announced
Financials
Tags
packaging solutions
Acquisition
Containers and Packaging
Private
United States
Synopsis
The Middleby Corporation, an American publicly traded commercial and residential cooking and industrial process equipment company, acquired Packaging Progressions, a market leader in automated packaging technologies for customers in the protein and bakery segments. Financial terms were not disclosed. “Pacproinc has been very successful in the development of highly-engineered, proprietary equipment that automates bacon, deli meat, fresh beef patty, protein alternative patty and pizza crust food processing lines. They have built a reputation as an innovative leader,” said Middleby CEO Tim FitzGerald. “The Pacproinc solutions are highly complementary to our existing processing technologies and will enable Middleby to supply a more complete system to customers and further extend our offerings in new and fast growing categories.”
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