Tag Archives: acquisition

Middleby shakes up equipment market with billion dollar play for Taylor

Middleby shakes up equipment market with billion dollar play for Taylor

The Middleby Corporation has entered into a definitive agreement to acquire the Taylor Company for $1 billion (£745m), in what is one of the largest mergers that the catering equipment sector has seen for some years. Taylor is best known as one of the world’s largest suppliers of soft serve and ice cream dispensing equipment

Josper falls into the hands of the Middleby Corporation

Middleby Corporation has got its chequebook out for the third time in as many weeks, this time to acquire premium charcoal oven brand Josper. The deal will add around $20m (£14m) in annual sales to Middleby’s top line, but more importantly it will give the company readymade access to one of the most in-demand pieces

Welbilt strikes £160m takeover deal to enter coffee equipment market through Crem

Global catering equipment giant Welbilt has agreed a $224m (£160m) deal to take over Crem International, signalling its entry into the hot beverage market and giving it a readymade portfolio of professional coffee machines to supply to its customers. Welbilt will acquire 100% of the shares of Avaj International Holding AB, which trades as Crem

Catering equipment manufacturer DC Products sells business to JLA Group

DC Products, the warewashing equipment and ice machine manufacturer, has been acquired by the JLA Group. The takeover marks the first time that JLA has bought a catering manufacturer after a spell of snapping up seven independent kitchen design and service firms over recent years. DC Products confirmed this morning that following the ownership it

Catering firms merge businesses to create £300m ‘one-stop-shop’

CH&Co Group this morning confirmed it is merging with events catering and services company Concerto Group in a deal that creates a business worth £300m in sales. The move puts the business in a position of being able to offer clients a one-stop-shop that meets all event requirements, including venue finding and booking, catering, production

YO! Sushi creates world’s largest sushi chain with £59m takeover deal

YO! Sushi has given its international growth plans a massive boost by agreeing a £59m deal to take over North America’s second largest sushi brand Bento Sushi. Bosses at the chain said the merger would create a “global multi-channel and multi-brand sushi platform” with annualised sales of £175m. The acquisition values Bento at CAN $100m

UK contract catering market contains 66 ‘high-class’ acquisition targets, study reveals

A study of over 600 contract caterers has identified a group of 66 firms that present the most appealing acquisition prospects for those looking to expand in the sector. Plimsoll’s latest report into the largest 620 contract catering companies operating in the UK identified a total of 66 “high-class” acquisition targets which would enable prospective

BREAKING NEWS: CMA clears way for delivery firms to merge their businesses

The Competition and Markets Authority (CMA) has cleared Just Eat’s acquisition of Hungryhouse, following an in-depth phase 2 investigation. A group of independent panel members found that the merger does not raise competition concerns. The web-based food ordering platforms give restaurants the opportunity to reach a wider pool of people, as well as offer consumers the convenience of

Sodexo splashes big with £500m takeover of rival caterer

Sodexo has shaken up the contract catering market by splashing out $675m (£513m) to acquire sports and leisure catering specialist Centerplate from private equity firm Olympus Partners. The acquisition doubles the size of Sodexo’s sports catering business in one move. Centerplate is the fourth largest operator by revenues in the US sports and leisure market,

Middleby Corporation acquires food preparation equipment maker

The Middleby Corporation has snapped up Globe Food Equipment Company, one of the world’s leading manufacturers of commercial slicers and mixers. Based in Ohio, the company will add around $50m (£38m) in annual sales to Middleby’s top line if it maintains its current run-rate. Globe’s most recent move was to expand its line-up of electric sandwich grills with