Announced
Financials
Sources
Tags
Majority
Single Bidder
Pending
United States
frozen fry dispensing equipment
Machinery: Specialty
Friendly
Private
Acquisition
Synopsis
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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