Announced
Financials
Sources
Tags
Italy
Private
Majority
Cross Border
Single Bidder
Machinery: Specialty
Friendly
food machinery
Acquisition
industrial baking
Pending
Synopsis
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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