Mr. Bassoul continued, “At our Food Processing Equipment Group we significantly enhanced our position as an industry leader with the acquisitions of Auto-Bake, Maurer-Atmos, Danfotech, Drake, and Armor Inox. The acquisitions of Auto-Bake, Maurer-Atmos, and Armor Inox further expanded our portfolio of leading thermal processing technologies allowing for the proofing, baking, and cooking of a wide variety of food products. The additions of Drake and Danfotech added complementary food preparation equipment to our cooking line further increasing our capabilities to provide a complete integrated solution to our customer base. We have assembled a very strong lineup of globally recognized brands and a portfolio of complementary industry leading technologies. These highly synergistic acquisitions will allow us to provide our customers a uniquely integrated and efficient equipment solution, providing for reduced operating costs and the highest standards of quality. As we complete the integration of these newly acquired brands, we also see significant opportunity to realize operational efficiencies amongst our expanded Food Processing Equipment Group.”
A conference call will be held at 9:00 a.m. Central time on March 12, 2012 and can be accessed by dialing (866) 551-3680 and providing conference code 88230021# or through the investor relations section of The Middleby Corporation website at www.middleby.com. An audio replay of the call will be available approximately one half hour after its completion and can be accessed by calling (866) 551-4520 and providing code 280468#.
Statements in this press release or otherwise attributable to the Company regarding the Company's business which are not historical fact are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The Company cautions investors that such statements are estimates of future performance and are highly dependent upon a variety of important factors that could cause actual results to differ materially from such statements. Such factors include variability in financing costs; quarterly variations in operating results; dependence on key customers; international exposure; foreign exchange and political risks affecting international sales; changing market conditions; the impact of competitive products and pricing; the timely development and market acceptance of the Company's products; the availability and cost of raw materials; and other risks detailed herein and from time-to-time in the Company's SEC filings.
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