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New Deal


Announced

Completed

Middleby completed the acquisition of Filtration Automation.

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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Single Bidder

Acquisition

Private

Food Products

Friendly

Domestic

Majority

oil management systems

United States

snacks applications

Completed

Synopsis

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Middleby, a commercial and residential cooking and industrial process equipment company, completed the acquisition of Filtration Automation, known for Micron-Pro's high-capacity oil management systems. Financial terms were not disclosed. "The Micron-Pro patented, continuous filtration technology gives operators labor savings, improved fryer performance and significant opportunities for cost savings. We are excited about the addition of this innovation to our food processing portfolio, which will allow us to extend our frying system offerings, while continuing to further our strategy of providing best-in-class automated full-line solutions," Tim FitzGerald, Middleby CEO.

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