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Slide #73. The Middleby Corporation — Celfrost Innovations Pvt.
The Middleby Corporation (NASDAQ:MIDD)
Celfrost Innovations Pvt.
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, 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 (3.20 out of 4)