Middleby business strategy changes
The Middleby Corporation is reviewing its business portfolio, a process that started last year as part of its Board of Directors’ g efforts to maximize shareholder value, the company says.
The Middleby Corporation is reviewing its business portfolio, a process that started last year as part of its Board of Directors’ g efforts to maximize shareholder value, the company says.
The Middleby Corporation bought JC Ford, a manufacturer of tortilla production equipment systems. JC Ford offers a broad range of automated, full-line solutions for corn and flour tortillas, tortilla chips, and other corn-based snacks.
The Middleby Corporation acquired GBT GmbH Bakery Technology (GBT), a German company specializing in engineering and manufacturing high-grade industrial baking and bread lines, including tunnel ovens and conveyor systems.
The Middleby Corporation announced the acquisition of TERRY Water Treatment Solutions. The company has a proprietary, environmentally friendly solution to eliminate and prevent scale build-up. Scale resulting from water usage in commercial foodservice equipment, including steam, ice and beverage products can be removed.
Middleby Europe announced the opening of a new Innovation Kitchen in Madrid, Spain. The European team worked for one year on the development of this project.
The Middleby Corporation’s year-over-year revenue increased by 19.1%, reaching USD 1,032 million in the fourth quarter of 2022, the company’s financial results show.
The Middleby Corporation acquired Escher Mixers, the Italian manufacturer of spiral and planetary mixers for the industrial baking industry.
Middleby Corporation partnered with Vyv to provide baking equipment that comes equipped with antimicrobial LED technology, a continuous hygiene solution based on UV-free, visible light that safely offers protection against bacteria, viruses, mold, fungi, yeasts and other microorganisms.