Middleby Corporation has acquired Sveba Dahlen Group, one of Europe’s most established suppliers of pizza ovens and planetary mixers in what represents further consolidation of the global catering equipment market.
The company, which has been operating for 70 years, sells its products under the Sveba Dahlen, Glimek and Bear brands, which in the UK market are distributed by Jestic Foodservice Equipment.
Mark Salman, president of Middleby Bakery Group, said the business would be a perfect addition to its already sizeable baking equipment portfolio.
“Sveba Dahlen, Glimek and Bear Varimixer are amazing Scandinavian brands that cater to a demanding segment of the bakery industry; the company has shown steady organic growth and Middleby will empower the company’s management team to continue to grow and innovate,” he stated.
The Sweden-based manufacturer, which employs 290 staff, has production facilities in its home market as well as in Denmark and Estonia. It will add revenues of £48m to Middleby’s top line.
Peter Larsson, CEO of Sveba Dahlen Group, said that the sale of the business would put it in the hands of owners that will be able to further its international expansion and drive product innovation.