About This Deal

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

Proxaut operates in Food Processing, is based in Italy. Proxaut, based near Bologna, Italy, manufactures Automated Guided Vehicles (AGVs) for the food and industrial processing industries, with about $15 million in annual sales. Middleby acquired it to add automation.

Adds AGV automation technology to Middleby's Food Processing platform.

Deal Terms

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

Transaction Details

Target HQ
Italy
Segment
Food Processing
Structure
Acquisition
Announced
June 29, 2022

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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