The Middleby Corporation acquired GBT GmbH Bakery Technology (GBT), a German company specializing in engineering and manufacturing industrial baking and bread lines, with equipment including tunnel ovens and conveyor systems.

The insolvent GBT Group had annual revenues are approximately EUR 10 million. It filed for bankruptcy in mid-November last year. Since, operations in Villingen-Schwenningen and Lünen continued. As of February 1, 2024, GBT has now been transferred to Middleby Bakery Deutschland GmbH.

“GBT customizable equipment highly complements our existing bakery brands and allows us to strengthen our European presence in large scale baking,” said Tim FitzGerald, CEO of Middleby. “The company brings German engineering capabilities and a broad knowledge of full line bakery solution integration to Middleby. Adding GBT innovation to our existing bakery portfolio will allow us to expand our offerings and customer base with new full line solutions. While we believe there are many synergies between the companies that will continue to increase, GBT will immediately benefit from our existing and well-established customer channels.”

Photo: GBT website