Announced
Completed
Financials
Tags
Completed
Cross Border
Production Technology Equipment
Majority
Acquisition
South Korea
Friendly
Public
Single Bidder
hot beverage machines
Synopsis
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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