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Slide #47. The Middleby Corporation — Automatic Bar Controls, Inc.
The Middleby Corporation (NASDAQ:MIDD)
Automatic Bar Controls, Inc.
The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition of Automatic Bar Controls, Inc. ("Wunder-Bar"), a leading manufacturer of beverage dispensing systems for the foodservice industry. The innovative equipment solutions of Wunder-Bar include products used by leading restaurant chains, convenience stores, and foodservice operations for the dispensing of carbonated and non-carbonated soft drinks, iced tea and other beverages. Located in Vacaville, California, Wunder-Bar has annual revenues of approximately $30 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 (3.43 out of 4)