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Announced

Completed

Middleby completed the acquisition of Colussi Ermes.

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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Italy

Cross Border

Friendly

Completed

Private

automated washing solutions

Machinery: Industrial

Acquisition

Majority

Single Bidder

Synopsis

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Middleby, a cooking and industrial process equipment company, completed the acquisition of Colussi Ermes, a manufacturer of automated washing solutions for the food processing industry. Financial terms were not disclosed. “Colussi has the broadest offerings of automated washing solutions, covering a wide array of applications. Their washing solutions are in demand due to technology that reduces labor needs, decreases water and energy usage, minimizes chemical use and operates in a small footprint. The Colussi washing systems complement our existing food processing solutions and are incorporated in many of our current customer projects. This acquisition will support a significant opportunity for collaboration with brands presently in our portfolio, to deliver best-in-class, full-line solutions to our customers," Tim FitzGerald, Middleby CEO.

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