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The Middleby Corporation Acquires Spooner Vicars Bakery Systems

Stocks in this article: MIDD

The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Spooner Vicars Bakery Systems, a leading manufacturer of baking systems for the cookie and cracker industry. Headquartered in Merseyside, United Kingdom, Spooner Vicars has annual revenue approaching $10 million.

“As part of Middleby, we have the opportunity to showcase the Spooner Vicars products to a broader market by leveraging the strength of the Middleby international sales organization and our existing relationships with global industrial bakeries,” said Selim A. Bassoul, Chairman and CEO of The Middleby Corporation. “We continue to see a growing global demand from our customers to automate their operations, and the Spooner Vicars portfolio provides an innovative solution that complements our existing brands in this platform. This respected brand has a long-standing reputation for industry-leading baking technology solutions.”

Through acquisition of Spooner Vicars and previously announced Stewart Systems, Middleby has acquired not only these brands, but also an established base of manufacturing capabilities in Bangalore, India from the UCA Group of Companies.

Founded in 1849, Spooner Vicars is a leading manufacturer of baking systems for the cookie and cracker industry. Spooner Vicars offers equipment and systems capable of mixing, forming, baking, cooling, sandwiching and packaging to produce every type of biscuit and snack baked product.

About The Middleby Corporation

The Middleby Corporation is a global leader in the foodservice equipment industry. The company develops, manufactures, markets and services a broad line of equipment used in the commercial, industrial processing and residential markets. The company's leading equipment brands serving the commercial foodservice industry include Anets®, Beech®, Blodgett®, Blodgett Combi®, Blodgett Range®, Bloomfield®, Britannia®, Carter Hoffmann®, CookTek®, CTX®, Doyon®, frifri®, Giga®, Holman®, Houno®, IMC®, Jade®, Lang®, Lincat®, MagiKitch'n®, Middleby Marshall®, Nieco®, Nu-Vu®, PerfectFry®, Pitco Frialator®, Southbend®, Star®, Toastmaster®, TurboChef® and Wells®. The company’s leading equipment brands serving the food processing industry include Alkar®, Armor Inox®, Auto-Bake®, Baker Thermal Solutions® (formerly known as Turkington), Cozzini®, Danfotech®, Drake®, Maurer-Atmos®, MP Equipment® RapidPak®, Spooner Vicars® and Stewart Systems®. The company’s leading brands serving the residential kitchen market include Jade®, Turbochef®, and Viking®. The Middleby Corporation has been recognized by Forbes Magazine as one of the Best Small Companies every year since 2005, most recently in October 2012.

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