The Middleby Corporation acquires Globe Food Equipment Company

The Middleby Corporation acquired Globe Food Equipment Company for $105.0 million, a transaction completed in October 2017, structured as all cash.

Globe Food Equipment Company operates in Commercial Foodservice, is based in Dayton, Ohio. Middleby acquired Globe Food Equipment in October 2017. The Dayton, Ohio-based company is a recognized brand in slicers and mixers for commercial foodservice, with annual sales of about $50 million. Middleby saw Globe's food-preparation products as complementary to its existing foodservice brands and as a way to expand further into the retail market segment.

Added leading food-prep brands to the commercial foodservice platform.

Advisory firms were not disclosed for this transaction.

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