Tag Archives: ITW

ITW transacted £1.5 billion worth of kitchen hardware last year

ITW’s global catering equipment business is still worth a colossal $2.12 billion (£1.5 billion) in sales annually after it succeeded in marginally surpassing the previous year’s figure in 2017. The company is one of the largest suppliers of commercial kitchen equipment in the world and owns a number of key foodservice equipment brands, including Hobart,

STATE OF THE NATION: The top 10 largest catering equipment manufacturers operating in the UK today

How big is the UK catering equipment market? It’s a question that will elicit a different response depending on who you speak to, but from analysing the financial performance of the market’s 10 largest players we can at least build a picture of what the landscape looks like. In a first ever report of such

1. ITW LIMITED

ITW Limited is an industrial equipment and components juggernaut that turned over some £740m in the UK during 2016. Its revenues in the foodservice equipment sector, which are the only figure we’ve recorded here, contributed to almost a quarter of that total. Hobart and Foster Refrigerator remain the most recognised and high-profile brands that belong

Sales of commercial refrigeration equipment globally top £30 billion mark

Analysts have put a figure on the global commercial refrigeration equipment market, valuing it at some $39.1 billion (£30.3 billion) in 2016. The figure, contained in a new report from Research & Markets, includes foodservice refrigeration as well as other types of refrigeration equipment produced for commercial use. The report predicts further high growth for

ITW’s catering equipment profits rise after bright start to year

The catering equipment division of ITW, parent company of global brands such as Hobart and Foster Refrigerator, is toasting an improvement in operating profit after a solid start to the year.   Q1 numbers published yesterday reveal that ITW’s foodservice equipment business achieved operating income of $125m (£98m) versus $122m (£95m) at the same stage

Foster Refrigerator to increase prices this week

Foster Refrigerator will raise prices on some of its product lines this week, but suggested the increase would not be as high as customers might have seen elsewhere in the refrigeration market over recent months. The company, which manufactures commercial refrigeration cabinets at its plant in King’s Lynn, confirmed to FEJ that the price rise

Catering equipment sales at ITW inch up to £1.67 billion

ITW’s foodservice equipment division – which houses global brands such as Hobart and Foster Refrigerator – racked up sales of $532m (£421m) during the past three months, matching the figure that it achieved in the same period last year. Operating income grew 3% from $128m (£101m) XX to $132m (£105m) for the three months to

ITW books quarterly catering equipment sales of £445m

ITW’s foodservice equipment division generated sales of $544m (£445m) for the three months to the end of September, third quarter figures published today reveal. The haul marks a 1% improvement on the same period last year and means that nine-monthly sales of foodservice equipment from the division, which counts Hobart and Foster Refrigerator among its

Foster’s £2.3m fine exposes need for industry-wide compliance, says law expert

Enforcement action taken against refrigeration supplier Foster over conditions it placed on the online resale price of its products shows the need for all companies to promote competition law compliance within their workforce, a leading law expert has warned. The UK’s Competition and Markets Authority (CMA) came down hard on Foster and its parent ITW

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