ELGIN, Ill. (January 6, 2014) — The Middleby Corporation (NASDAQ: MIDD) has announced the acquisition of the assets of Market Forge Industries, Inc. (“Market Forge”), a leading manufacturer of steam cooking equipment for the foodservice industry. The product offerings of Market Forge include countertop steamers, kettles and braising pans used by leading restaurants and foodservice operations. Market Forge has annual revenues of approximately $15 million.
“The steam cooking category is a large and growing sector in the commercial foodservice industry. Through the acquisition of Market Forge, we add an industry-leading brand focused on steam cooking to our portfolio,” said Selim A. Bassoul, Chairman and CEO of The Middleby Corporation. “A long-standing, trusted brand with a one-hundred year history, Market Forge is well-known for quality and innovation. Recent innovations such as the Eco-Tech and TurboSteam countertop steamers are eco-friendly, energy efficient products providing our customers with flexible and cost-efficient steam cooking solutions. We believe by leveraging the well-established Middleby global sales and distribution network we will realize significant sales opportunities in this category.”
Visit www.mfii.com to learn more about Market Forge.
About The Middleby Corporation
The Middleby Corporation is a global leader in the food service equipment industry. The company develops, manufactures, markets and services a broad line of equipment used in the commercial, industrial processing and residential markets. The company’s leading equipment brands serving the commercial foodservice industry include Anets, Beech, Blodgett, Blodgett Combi, Blodgett Range, Bloomfield, Britannia, Carter-Hoffmann, Celfrost, CookTek, CTX, Doyon, frifri, Giga, Holman, Houno, IMC, Jade, Lang, Lincat, MagiKitch’n, Market Forge, Middleby Marshall, Nieco, Nu-Vu, PerfectFry, Pitco Frialator, Southbend, Star, Toastmaster, TurboChef, Wells and Wunder-Bar. The company’s leading equipment brands serving the food processing industry include Alkar, Armor Inox, Auto-Bake, Baker Thermal Solutions (formerly known as Turkington), Cozzini, Danfotech, Drake, Maurer-Atmos, MP Equipment RapidPak, Spooner Vicars and Stewart Systems. The company’s leading brands serving the residential kitchen market include Jade, Turbochef, and Viking. The Middleby Corporation has been recognized by Forbes Magazine as one of the Best Small Companies every year since 2005, most recently in October 2012.
For more information about The Middleby Corporation and the company brands, please visit www.middleby.com.
January 12, 2017 | Pizza Headlines
I dip, you dip, we dip! A tantalizing dip is a great way to provide instant gratification. Many can be made ahead of time and simply heated or plated. A favorite in Pizza Today’s home base of Louisville, Kentucky is beer cheese. Now, there’s debate on whether it should be served hot or cold. But… Read More ›
January 11, 2017 | Press Releases
Dallas, Texas – RAVE Restaurant Group, Inc. (NASDAQ:RAVE) today announced that the Board of Directors has named Scott Crane as Chief Executive Officer, effective today. Crane succeeds Interim CEO Clinton J. Coleman, who will remain in his role as a member of the Board, where he has served since 2007. “Scott is dynamic leader… Read More ›
January 4, 2017 | Pizza Headlines
As a new year rang in, the food industry made its predictions of restaurant trends that will sweep the nation, from rising concepts to customer-facing tech and hot menu items. How do these forecasts correlate to the pizza industry? What’s going to be this year’s hot pizza style? What are your predictions? Let’s take a… Read More ›