American foodservice equipment provider The Middleby has acquired EVO America, a manufacturer of ventless cooking equipment.
Based in Portland, Oregon, EVO America reported around $8m in annual revenues. The company currently offers display cooking equipment to a range of foodservice chains, restaurants, and corporate cafeterias.
According to The Middleby chairman and CEO Selim A Bassoul, the deal expands the company’s ventless cooking solutions portfolio.
Bassoul added: “We see a growing demand for diversity in ventless cooking options as operators understand the significant costs associated with the installation of traditional ventilation.
“Additionally, customers are increasingly in search of solutions that minimise restrictions imposed by externally vented hoods and ductwork, as they cook in non-traditional locations and add new equipment to existing kitchens.
“EVO has a patented ventless technology that can be incorporated into innovative designs that will provide our customers with a smaller footprint and greater flexibility.
“We believe there is strong growth potential as we integrate the EVO technology with other Middleby brands and cooking solutions and introduce EVO to Middleby’s sales and distribution channels.”
In December last year, The Middleby closed the acquisition of Canada-based Crown Food Service Equipment.
Founded by Josef Stritzl, Crown Food Service offers steam cooking equipment for the commercial foodservice industry. It has around $20m in annual revenues.
The Middleby develops and manufactures a range of equipment for commercial foodservice, food processing, and residential kitchen equipment industries.