About This Deal

The Middleby Corporation acquired Icetro, a transaction announced in June 2022, structured as Acquisition.

Icetro operates in Commercial Foodservice, is based in South Korea. Icetro makes ice, soft serve and slush machines used in commercial foodservice worldwide. Headquartered in South Korea with U.S. operations in Anaheim, California, it has about $40 million in annual sales. Middleby acquired it to grow its beverage business.

Expands Middleby's beverage and ice/soft-serve equipment platform.

Deal Terms

Acquirer
The Middleby Corporation
Target
Icetro
Value
Not disclosed
Date
June 2022
Type
Acquisition
Status
Official-source — no SEC filing

Transaction Details

Target HQ
South Korea
Segment
Commercial Foodservice
Structure
Acquisition
Announced
June 30, 2022

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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