Middleby to acquire Deutsche Beverage Technology.

Middleby, a commercial and residential cooking and industrial process equipment company, agreed to acquire Deutsche Beverage Technology, a provider of beverage brewing and processing systems. Financial terms were not disclosed. "Deutsche is a technology leader in beverage and liquid processing, offering a wide variety of advanced solutions for beer, cold brew coffee, kombucha and other liquid extraction applications. Being well-positioned in fast growing markets and emerging segments, Deutsche has differentiated technology with highly engineered products. The company is very complementary to Ss Brewtech, which Middleby acquired in June, and we are now in a position to accelerate product development and leverage the sales capabilities of both brands. Our commitment remains to strategically expand the Middleby beverage offerings, as operators continue to have great interest in new products and solutions for their high-margin beverage programs," Tim FitzGerald, Middleby CEO.