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Industrial M&A image Industrial M&A » By The Online Investor Staff, updated Sat., May. 30, 8:38 PM Recent mergers and acquisitions in the Industrial M&A category.

Slide #26. The Middleby Corporation Processing Equipment Solutions, Inc.

Acquirer: The Middleby Corporation (NASDAQ:MIDD)
Acquiree: Processing Equipment Solutions, Inc.
Details: The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition of the assets of Processing Equipment Solutions, Inc. ("PES"), a leading manufacturer of equipment for the food processing industry based in Gainesville, Georgia. PES product offerings include the IntelliJet and MegaJet line of water cutting systems, meat presses and fillet systems. PES has annual revenues of approximately $15 million.

Middleby is engaged in the design, manufacture, marketing, distribution, and service of a line of foodservice equipment, food preparation, cooking, baking, chilling and packaging equipment, and kitchen equipment. Co.'s segments are: the Commercial Foodservice Equipment Group, which provides foodservice equipment to serve cooking, warming, refrigeration, freezing and beverage application within a commercial kitchen or foodservice operation; the Food Processing Equipment Group, which provides processing solutions for customers producing pre-cooked meat products; and the Residential Kitchen Equipment Group, which manufactures, sells and distributes kitchen equipment for the residential market.

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Company Name: 
Middleby Corp
Website: 
www.middleby.com
Sector: 
Industrial Machinery & Equipment
Number of ETFs Holding MIDD: 
42
Total Market Value Held by ETFs: 
$383.03M
Total Market Capitalization: 
$4.09B
% of Market Cap. Held by ETFs: 
9.37%
 

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Buy (2.57 out of 4)
20th percentile
(ranked lower than approx. 80% of all stocks covered)
Based on Zacks ABR data;
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