The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of the assets of Market Forge Industries, Inc. (“Market Forge”), a leading manufacturer of steam cooking equipment for the foodservice industry. The product offerings of Market Forge include countertop steamers, kettles and braising pans used by leading restaurants and foodservice operations. Market Forge has annual revenues of approximately $15 million.
“The steam cooking category is a large and growing sector in the commercial foodservice industry. Through the acquisition of Market Forge, we add an industry-leading brand focused on steam cooking to our portfolio,” said Selim A. Bassoul, Chairman and CEO of The Middleby Corporation. “A long-standing, trusted brand with a one-hundred year history, Market Forge is well-known for quality and innovation. Recent innovations such as the Eco-Tech and TurboSteam countertop steamers are eco-friendly, energy efficient products providing our customers with flexible and cost-efficient steam cooking solutions. We believe by leveraging the well-established Middleby global sales and distribution network we will realize significant sales opportunities in this category.”
Visit www.mfii.com to learn more about Market Forge.
About The Middleby CorporationThe 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®, Market Forge®, 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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