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 the addition of a mid-size combo unit complete with cast iron grooved top and smooth bottom plates.
Selim Bassoul, chairman and CEO of The Middleby Corporation, said Globe is known for its performance, reliability, value, and reducing operator’s costs.
“The addition of the Globe product offering enhances Middleby’s position for further expansion into the growing retail market segment. Additionally, through Middleby’s existing customer relationships and international infrastructure we anticipate Globe can realise further growth in new markets.”
Middleby has been busy with acquisitions this year, most recently snapping up pizza oven manufacturer Sveba Dahlen and US fabricator QualServ Solutions. The takeover of QualServ gives Middleby a significant leg-up into areas such as kitchen design, engineering and distribution.