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The Middleby Corporation Acquires Automatic Bar Controls, Inc.

Stocks in this article: MIDD

The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Automatic Bar Controls, Inc. (“Wunder-Bar”), a leading manufacturer of beverage dispensing systems for the foodservice industry. The innovative equipment solutions of Wunder-Bar include products used by leading restaurant chains, convenience stores, and foodservice operations for the dispensing of carbonated and non-carbonated soft drinks, iced tea and other beverages. Located in Vacaville, California, Wunder-Bar has annual revenues of approximately $30 million.

“The beverage business is a highly profitable and fast growing category for our customers. We continue to see our customers investing in equipment solutions to expand their beverage offerings. With this acquisition, Middleby expands its presence in beverage equipment with an industry leading brand and recognized leader in innovation. Wunder-Bar brings to Middleby a portfolio of products and expertise to address our customer needs in this area of their business,” said Selim A. Bassoul, Chairman and CEO of The Middleby Corporation. “We are excited about the addition of the Wunder-Bar brand to our portfolio of innovative foodservice equipment and believe there are significant opportunities to grow this business by leveraging existing Middleby customer relationships and our strong international presence.”

Visit www.wunderbar.com to learn more about Wunder-Bar.

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®, Celfrost®, 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®, Wells® and Wunder-Bar®. 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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