American foodservice equipment provider The Middleby has 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.
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.”
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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
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.