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Middleby Acquires Deutsche Beverage Technology to Advance Product Development
Tuesday 03 March 2020

3 March 2020 - Illinois, US-based food service equipment company The Middleby Corp. (NASDAQ: MIDD) has acquired North Carolina-based beverage brewing and processing systems provider Deutsche Beverage Technology, to accelerate product development, the company said.

Terms of the transaction were not disclosed.

Deutsche is complementary to Ss Brewtech, which Middleby acquired in June, putting Middleby into a position to leverage the sales capabilities of both brands.

The Middleby Corp. develops, manufactures, markets and services a broad line of equipment used in the commercial foodservice, food processing, and residential kitchen equipment industries.
Details
Date Published: 03/03/2020
Target: Deutsche Beverage Technology
Country: USA
Sector: Hotels/Restaurants/Casinos/Catering
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: The Middleby Corp
Comment:
Terms of the deal were not disclosed

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