Mr. Bassoul continued, “A modest increase in sales at our Food Processing Equipment Group is expected to accelerate in the second half as we anticipate continued strength in demand from food processors looking to expand and modernize existing plant operations and new customers developing processing operations overseas due to increasing demand for pre-cooked and pre-processed foods in developing markets.”Mr. Bassoul further commented, “We continue to further initiatives to integrate the newly acquired businesses and realize synergies across the expanded Food Processing Equipment Group, which we expect to benefit the profit margins in future periods.”
The Middleby Corporation Reports Second Quarter Results And Announces New Credit Facility
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