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December 22, 2020updated 23 Dec 2020 5:27pm

Middleby acquires Chinese equipment firm United Foodservice

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

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

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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.

Free Report
img

The critical role of sustainability for Foodservice success in the 2020s

Consumers have radically re-thought their priorities in recent years and changed their habits for the good of the planet, starting to hold companies accountable for their ESG activities. These changes are set to be significant hallmarks of the Consumer Landscape in the 2020s. In order to appease consumers’ new concerns, meeting these new sustainability imperatives will be crucial for the recovery of the Foodservice industry. Consumers are expected to use ESG criteria much more actively in their selection of Foodservice brands to engage with. Download GlobalData’s free report to:
  • Understand the range of ESG challenges currently facing the Foodservice sector
  • Gain insight into consumers’ expectations via consumer survey deep dives
  • Learn from foodservice operators and brands who are already successfully embracing ESG strategies
Stay ahead of consumer concerns and rise to meet them. Download the report now.
by GlobalData
Enter your details here to receive your free Report.

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