Announced
Completed
Financials
Sources
Tags
Private
foodservice equipment
Food Products
Acquisition
Single Bidder
Majority
China
Completed
Friendly
Cross Border
Synopsis
Middleby, an American publicly traded commercial and residential cooking and industrial process equipment company, completed the acquisition of United Foodservice, a provider of commercial foodservice equipment. Financial terms were not disclosed. "This strategic acquisition expands our capabilities in a key global location and high-demand market. We expect continued growth in Asia and this acquisition strengthens our capabilities to best serve customers in this region and worldwide. United brings an existing, well-known line of cooking equipment along with well-established design and manufacturing capabilities to Middleby. This complements our existing footprint while broadening our offerings in targeted growth markets," Tim FitzGerald, Middleby CEO.
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