The Middleby Corporation acquires Viking Range Corporation

The Middleby Corporation acquired Viking Range Corporation for $380 million, a transaction completed in December 2012, structured as all cash.

Viking Range Corporation operates in Residential Kitchen. Viking Range is a leading manufacturer of premium residential cooking ranges, ovens and kitchen appliances, headquartered in Greenwood, Mississippi with approximately $200 million in annual revenues. The deal established Middleby's Residential Kitchen platform.

Positioned Middleby as a leading residential manufacturer and let it integrate its patented commercial technologies (speed cooking, induction, truvection) into premium home kitchens, launching a third operating platform to be grown the same way as commercial foodservice and food processing.

This acquisition strategically positions Middleby as a leading manufacturer in the sector with a top brand. The acquisition of Viking allows us to integrate our own patented technologies that will have a huge appeal to consumers for their residential kitchens.Selim A. Bassoul, Chairman and CEO, The Middleby Corporation

Advisory firms were not disclosed for this transaction.

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