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New Deal


Announced

Completed

Middleby completed the acquisition of Icetro.

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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Completed

Cross Border

Production Technology Equipment

Majority

Acquisition

South Korea

Friendly

Public

Single Bidder

hot beverage machines

Synopsis

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Middleby, a commercial and residential cooking and industrial process equipment company, completed the acquisition of Icetro, a maker of ice, soft serve and slush machines. Financial terms were not disclosed. “Icetro products are highly complementary to our growing portfolio of Middleby beverage brands. Because of their exceptional products and demonstrated reliability, Icetro machines are approved by numerous regional and global chain customers. Icetro expands our offerings in ice, adding a selection of cubed and flaked machines, while their soft serve and slush machines enhance our existing product lines with a collection of countertop equipment. Icetro soft serve technology has heat-treat pasteurization capabilities addressing food safety issues, while reducing," Tim FitzGerald, Middleby CEO.

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