Middleby to acquire CP Packaging.

Middleby, a commercial and residential cooking and industrial process equipment company, agreed to acquire CP Packaging, a manufacturer of advanced high-speed vacuum packaging equipment. Financial terms were not disclosed. “The CP Packaging systems provide customers with industry leading sanitation, faster production throughput and reduced operating costs. This acquisition further expands upon our ability to provide customers with integrated full-line solutions, while significantly strengthening the packaging equipment offerings in our food processing portfolio. There are meaningful synergies amongst our packaging brands and our food processing platform, as we leverage our long-standing customer relationships, established global distribution and manufacturing capabilities," Tim FitzGerald, Middleby CEO.