Middleby acquires semi-automatic espresso machines maker Synesso

3rd December 2019 (Last Updated December 3rd, 2019 10:10)

American foodservice equipment provider The Middleby has closed the acquisition of US-based semi-automatic espresso machines maker Synesso.

American foodservice equipment provider The Middleby has closed the acquisition of US-based semi-automatic espresso machines maker Synesso.

Financial details of the transaction have not been disclosed by both the parties.

With $10m in revenues, the low-maintenance, energy-efficient Synesso machines are easy to operate. The equipment is designed to allow for accurate pressure control and temperature while preparing espresso.

Synesso will join Middleby’s coffee portfolio that includes commercial foodservice equipment and beverage systems provider Bloomfield.

Middleby CEO Tim FitzGerald said: “Synesso is a highly innovative brand and further expands our coffee and beverage platform. Middleby is well-positioned within the beverage category, offering some of the most advanced equipment in today’s fast-growing coffee market.

“Our Seattle-based coffee companies are able to provide operators with a variety of sought-after options, including automated bean to cup, cold brew, nitro brew, traditional carafe and now semi-automatic espresso.

“There are strong synergies between Synesso and our current US coffee brands Concordia, JoeTap and Ss Brewtech. Together, as a group, Middleby is a leader in the industry with coffee diversity and innovation.”

In April, Middleby acquired a Cloud-based internet of things (IoT) solutions provider for foodservice firms Powerhouse Dynamics.

It also bought Packaging Progressions in July, which provides automated packaging technologies targeting the protein and bakery segment customers.