Announced
Completed
Financials
Sources
Tags
Private
Single Bidder
espresso machines
Completed
United States
Household Equipment and Products
Majority
Acquisition
Friendly
Synopsis
Middleby, an American publicly traded commercial and residential cooking and industrial process equipment company, completed the acquisition of Synesso, a designer and manufacturer of semi-automatic espresso machines for the commercial market. Financial terms were not disclosed. "Synesso is a highly innovative brand and further expands our coffee and beverage platform. Middleby is well-positioned within the beverage category offering some of the most advanced equipment in today’s fast-growing coffee market. Our Seattle-based coffee companies are able to provide operators with a variety of sought-after options including automated bean to cup, cold brew, nitro brew, traditional carafe and now semi-automatic espresso. There are strong synergies between Synesso and our current US coffee brands Concordia, JoeTap and Ss Brewtech. Together, as a group, Middleby is a leader in the industry with coffee diversity and innovation," Tim FitzGerald, Middleby CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.