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New Deal


Announced

Middleby to acquire Escher Mixers.

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

Private

Majority

Cross Border

Single Bidder

Machinery: Specialty

Friendly

food machinery

Acquisition

industrial baking

Pending

Synopsis

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Middleby, an American publicly traded commercial and residential cooking and industrial process equipment company, agreed to acquire Escher Mixers, a designer and manufacturer of highly-engineered spiral and planetary mixers for the industrial baking industry. Financial terms were not disclosed. "Escher is a leading provider of innovative dough handling and mixing equipment, including automated and robotic solutions. This acquisition is a perfect complement to our current bakery brands and allows us to offer full-line integrated solutions for lower operating costs and enhanced production efficiencies," Tim FitzGerald, Middleby CEO.

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