Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Fri., Jun. 9, 7:40 AM
Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.
| This Slide: #73 of 100 |
Slide #73. The Middleby Corporation — Celfrost Innovations Pvt.
Acquirer:
The Middleby Corporation (NASDAQ:MIDD)
Acquiree:
Celfrost Innovations Pvt.
Details:
The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition of the commercial refrigeration and foodservice products business of Celfrost Innovations Pvt. Ltd. ("Celfrost"). Celfrost has annual sales of approximately $20 million and is based in Gurgaon, India. The Celfrost business was acquired by Middleby's newly established entity in India, Middleby Commercial Food Innovations Pvt. Ltd.
Middleby is engaged in the design, manufacture and sale of commercial foodservice, food processing equipment and residential kitchen equipment. Co.'s segments are: Commercial Foodservice Equipment Group, which has a portfolio of foodservice equipment that enable it to serve virtually any cooking, warming, holding, refrigeration, freezing and beverage application within a commercial kitchen or foodservice operation; Food Processing Equipment Group, which provides a portfolio of processing solutions for customers producing protein products and bakery products; and Residential Kitchen Equipment Group, which manufactures, sells and distributes kitchen equipment for the residential market.
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Avg. Broker Rec.
 
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Strong Buy (3.56 out of 4) 59th percentile
(ranked higher than approx. 59% of all stocks covered)
Analysts' Target Price: MIDD Stock Forecast Based on Zacks ABR data; powered by Xignite |
