Global foodservice equipment provider Middleby has completed the acquisition of US-based cooking solutions manufacturer Taylor for $1bn.
The deal, signed last month, further strengthens Middleby’s presence across a range of foodservice segments such as quick serve, casual dining, retail, convenience stores and institutional foodservice establishments.
Taylor is a commercial foodservice equipment maker of beverage solutions, soft serve and ice cream dispensing equipment, frozen drink machines and automated double-sided grills.
Middleby CEO Selim A. Bassoul said: “The acquisition of Taylor is highly strategic for Middleby and bolsters Middleby’s overall position as an industry leader in commercial foodservice.
“The Taylor automated double-sided grill expands our cooking lineup with an advanced technology that provides customers with a specialised solution addressing labour savings, food safety and superior cooking performance.
“This acquisition enhances Middleby’s existing capabilities in automated cooking solutions and adds a critical technology as we further develop our portfolio of automated cooking solutions.”
Middleby produces and services a range of equipment for commercial foodservice, food processing and residential kitchen equipment segments.
The company offers a range of brands such as Anets, Bear Varimixer, Beech, Britannia, Celfrost, CookTek, CTX, Desmon, Eswood, Firex, Giga, Josper and Middleby Marshall to serve the industry.