The Middleby Corporation Announces Acquisition Of Stewart Systems
The Middleby Corporation has announced the acquisition of Stewart Systems Global, LLC, a leading manufacturer of baking systems for the food processing industry with annual revenues of approximately $30 million.
The Middleby Corporation has announced the acquisition of Stewart Systems Global, LLC, a leading manufacturer of baking systems for the food processing industry with annual revenues of approximately $30 million. This acquisition further strengthens the Middleby portfolio of brands and technologies serving the food processing industry.
“Stewart Systems is a long-standing and well-recognized leader in the production of highly automated proofing and oven systems for the baking industry,” said Selim A. Bassoul, Chairman and CEO of the Middleby Corporation. “This addition is highly complementary to our recent acquisitions of Auto-Bake and Baker Thermal Solutions. We are providing customers a broader portfolio of patented technologies and an integrated baking system.”
“The global manufacturing, sales and support infrastructure of Middleby will allow us to further extend the presence of these brands internationally,” Bassoul continued. “We are very well-positioned with our customers to meet their increasing demands for advanced technologies to support their growth initiatives as they expand in emerging markets.”
Source: The Middleby Corporation
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