The Middleby Corporation acquired Firex S.r.l. for approximately $53.7 million, a transaction completed in April 2018, structured as all cash.
Firex S.r.l. operates in Commercial Foodservice. Firex is a leading manufacturer of steam cooking equipment for the commercial foodservice industry, located in Sedico, Italy.
Added European steam-cooking technology to the commercial platform.
Advisory firms were not disclosed for this transaction.