Middleby acquires Frigomeccanica, terms undisclosed

Middleby (MIDD) announced the acquisition of Frigomeccanica. Frigomeccanica is based in Parma, Italy and has annual revenues of $30M. “Frigomeccanica brings complementary product expertise and extensive engineering capabilities to our food processing business. Recognized as a technology leader with solutions that offer operational efficiencies, Frigomeccanica advancements allow customers to extend product shelf life and deliver premium food quality to address the growing global demand for protein food sources,” said Tim FitzGerald, Middleby CEO. “We expect to capitalize on growth opportunities, leveraging the extensive Middleby customer base and our well-established global sales footprint. Our significant Italian and European manufacturing capabilities of complementary brands and products support strong synergies within the group. In addition, the acquisition further strengthens our ability to provide long term shareholder value in the food processing business after the spinoff is completed in 2026.”