Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Sun., Apr. 28, 4:46 AM
Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.
Slide #16. 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 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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Company Name: |
Middleby Corp |
Website: |
www.middleby.com |
Sector: |
Industrial Machinery & Equipment |
Number of ETFs Holding MIDD: |
58 |
Total Market Value Held by ETFs: |
$1.20B |
Total Market Capitalization: |
$7.76B |
% of Market Cap. Held by ETFs: |
15.50% |
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April 28, 2024 4:46 AM Eastern
Strong Buy (3.78 out of 4)
71st percentile
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