Announced
Completed
Synopsis
Middleby, a commercial and residential cooking and industrial process equipment company, completed the acquisition of JC Ford, a manufacturer of tortilla production equipment systems. Financial terms were not disclosed. “We have targeted the snack food category as an attractive growing market for our Food Processing Group. The acquisition of JC Ford complements our existing product offerings, significantly strengthening our presence in this faster growing category. The company has developed innovative solutions that have been quickly accepted as the industry standard, allowing customers to automate production lines with a low cost of ownership. JC Ford has highly recognizable customers with a strong base of recurring revenue,” Tim FitzGerald, Middleby CEO.
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