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December 4, 2018

Middleby buys Crown Food Service in Canada

American foodservice equipment provider The Middleby has closed the acquisition of Canada-based Crown Food Service Equipment.

American foodservice equipment provider The Middleby has closed the acquisition of Canada-based Crown Food Service Equipment.

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Founded by Josef Stritzl, Crown Food Service offers steam cooking equipment for the commercial foodservice industry. It has around $20m in annual revenues.

Middleby chairman and CEO Selim Bassoul said: “The Crown acquisition complements other recent strategic investments in the steam cooking category, including the acquisitions of Firex and Market Forge.

“With this collection of brands and products, the Middleby steam platform is positioned with industry leading innovations and customer solutions including unique offerings that address customer demands for labour savings, menu flexibility and automation, while also supporting growing foodservice trends of sous vide-cooking, organic, and health awareness.”

“John will lead a unified and focused strategy to bring this complement of brands and product offerings to the marketplace.”

He also noted that the group president, John Perruccio, will manage the Middleby steam group. Perruccio will also continue to operate the Southbend and Star brands.

Bassoul added: “John will lead a unified and focused strategy to bring this complement of brands and product offerings to the marketplace, which we believe will allow us to capture significant growth opportunities in the steam cooking category.”

Middleby develops and manufactures a range of equipment for commercial foodservice, food processing, and residential kitchen equipment industries.

The company’s brands serving the foodservice industry include Anets, Bear Varimixer, Blodgett Combi, CookTek, Crown Food Equipment, Doyon, Eswood, Firex, Globe and Wunder-Bar.

In June this year, Middleby completed the acquisition of US-based cooking solutions manufacturer Taylor for $1bn.

The deal further strengthens Middleby’s presence across a range of foodservice segments such as quick serve, casual dining, retail, convenience stores and institutional foodservice establishments.

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How is technology having an impact on Consumer buying behavior?

As the world rapidly becomes more connected, it is important for brands to understand the impact that improved technology is having on consumer purchasing behaviors. To react effectively, brands must know how to engage with increasingly digitally savvy consumers. GlobalData’s latest Trend Tracker report provides an analysis of Digital Lifestyles – one of GlobalData's top consumer trends for 2022. The report includes an overview of how digital lifestyles are evolving, including the significant impact that the COVID-19 pandemic had on accelerating digitalization, and how this trend is emerging across different Consumer sectors. Key features included in the report:
  • A breakdown of the trend’s prominence across sectors
  • Insights into consumer online penetration, preferred electronic devices and engagement
  • The key drivers and challenges impacting the digital lifestyles trend
  • A spotlight on key innovations set to reshape the consumer landscape
  • Analysis of what’s next for digital innovations and how brands can leverage the trend
Download this report to keep in touch with the more digital consumer.
by GlobalData
Enter your details here to receive your free Report.

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