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New Deal


Announced

Middleby to acquire the PLEXOR assets from TurboChef.

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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Pending

Domestic

cooking appliance

Friendly

Acquisition

United States

Private

Majority

Household Appliance

Single Bidder

Synopsis

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Middleby, a provider of foodservice equipment, agreed to acquire the PLEXOR assets from TurboChef, a provider of accelerated cooking technologies. Financial terms were not disclosed. "Middleby is committed to delivering solutions that simplify our customers’ operations and optimize labor, speed of service, physical space, and product quality. Our recent recognition by the National Restaurant Association as a recipient of the 2021 Kitchen Innovations (KI) Award validates the impact the PLEXOR will have on making foodservice operations more efficient and ultimately, more profitable," James K. Pool III, Middleby Chief Technology and Operations Officer.

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