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New Deal


Announced

Middleby to acquire RAM Fry Dispensers from Automated Equipment.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

Pending

United States

frozen fry dispensing equipment

Machinery: Specialty

Friendly

Private

Acquisition

Synopsis

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Middleby, a residential cooking and industrial process equipment company, agreed to acquire RAM Fry Dispensers, a provider of automated frozen fry dispensing equipment, from Automated Equipment, a frozen french fry dispenser company. Financial terms were not disclosed. "The addition of RAM enhances our restaurant automation portfolio. In the current market, operators are in need of solutions to address labor costs and availability. As an innovation leader, the RAM automated fry dispenser also manages portion control through inductive basket sensors, decreasing food waste and promoting a higher quality cooking environment. This is a natural extension of our best-in-class fryer brands. RAM is currently in use with many large global restaurant chains. We expect to further develop and integrate this solution with our existing products," Tim FitzGerald, Middleby CEO.

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