Middleby to Acquire Desmon Food Service Equipment Company

Loading...
Loading...
The Middleby Corporation
MIDD
today announced the acquisition of Desmon Food Service Equipment Company (Desmon). The company is based in Nusco, Italy and has annual revenues of approximately $15 million USD. A leader in chilling and freezing technologies, Desmon products include blast chillers and refrigeration for the commercial kitchen. The company's products are known for their advanced insulation technology and energy efficiency. “Blast chilling offered by Desmon is complementary to our combi-oven platform to establish a complete cook/freeze system which increases the efficiency of the kitchen and saves on food costs,” said Selim A. Bassoul, Chairman and CEO of The Middleby Corporation. “Opportunities to combine their undercounter refrigeration lines with Middleby cooking lines to make an integrated preparation and cooking system are particularly appealing to our global restaurant chain customers. Our customers are now focusing more and more on fresh and healthier menu items. Blast chilling fits well into that growing trend and it is a disruptive way to rapidly freeze food retaining all of the nutrients.” Visit www.desmon.it for more information on the company's innovative technologies.
Market News and Data brought to you by Benzinga APIs
Posted In: NewsPress Releases
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...