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Slide #36. The Middleby Corporation — Market Forge Industries, Inc.
The Middleby Corporation (NASDAQ:MIDD)
Market Forge Industries, Inc.
The Middleby Corporation announced the acquisition of the assets of Market Forge Industries, Inc. ("Market Forge"), a leading manufacturer of steam cooking equipment for the foodservice industry. The product offerings of Market Forge include countertop steamers, kettles and braising pans used by leading restaurants and foodservice operations. Market Forge 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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Buy (3.11 out of 4)