Middleby buys Chinese foodservice equipment firm United Foodservice
Join Our Newsletter - Get important industry news and analysis sent to your inbox – sign up to our e-Newsletter here
X

Middleby acquires Chinese equipment firm United Foodservice

22 Dec 2020 (Last Updated December 23rd, 2020 17:27)

American foodservice equipment provider The Middleby has acquired China-based United Foodservice Equipment Group for an undisclosed amount.

Middleby acquires Chinese equipment firm United Foodservice
United Foodservice specialises in the design, manufacture and supply of countertop commercial foodservice equipment. Credit: Michael Browning on Unsplash.

American foodservice equipment provider The Middleby has acquired China-based United Foodservice Equipment Group for an undisclosed amount.

The acquired company specialises in the design, manufacture, and supply of countertop commercial foodservice equipment and recently reported $10m in annual revenues.

Founded in 2001, United operates under the brand name Thor.

Middleby CEO Tim FitzGerald said the acquisition bolsters the company’s capabilities in a key global location and high-demand market.

FitzGerald said: “We expect continued growth in Asia and this acquisition strengthens our capabilities to best serve customers in this region and worldwide.

“United brings an existing, well-known line of cooking equipment along with well-established design and manufacturing capabilities to Middleby. This complements our existing footprint while broadening our offerings in targeted growth markets.”

Middleby Group East Asia and China president George Koether added: “This addition allows us to immediately expand our offerings in China while also accelerating new product introductions into this receptive market.”

In December 2019,  Middleby closed the acquisition of US-based semi-automatic espresso machines maker Synesso.

In April last year, the company purchased Powerhouse Dynamics, a provider of Cloud-based internet of things (IoT) solutions for foodservice firms.

It also acquired ventless cooking equipment manufacturer EVO America and Standex International’s Cooking Solutions Group (CSG) the same year.