Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Sun., Apr. 28, 2:43 AM
Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.
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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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 2:43 AM Eastern
Strong Buy (3.78 out of 4)
71st percentile
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