The Middleby Corporation (NASDAQ: MIDD) announced that it has entered into an agreement to acquire the net assets of Maurer-Atmos GmbH, subject to the satisfaction of certain closing conditions.
Maurer-Atmos GmbH, based in Reichenau, Germany, is a leading manufacturer of thermal processing systems and engineering solutions for the food processing industry with approximate annual revenues of $20 million. The company is active in over 90 countries through a network of agents and partners. The addition of this brand complements and further strengthens Middleby's food processing equipment platform.
The Middleby Corporation is one of the global leaders in the foodservice equipment industry. The company develops, manufactures, markets and services a broad line of equipment used for commercial food cooking, preparation and processing. The Middleby Corporation has been recognized by Forbes Magazine as one of the Best Small Companies in 2008, 2009 and 2010.
Source: Middleby Corporation