Middleby Purchases TERRY Water Treatment Solutions For Undisclosed Sum

Commercial foodservice solutions provider Middleby Corporation MIDD has acquired TERRY Water Treatment Solutions for an undisclosed sum.

TERRY has $5 million in annual sales and is based in Chandler, Arizona.

It offers an environmentally friendly solution to eliminate and prevent scale build up associated with water usage in commercial foodservice equipment, including steam, ice, and beverage products. 

"The chemical free, biodegradable solution is proven effective in the removal and prevention of water scale, which is extremely important in commercial foodservice," said CEO Tim FitzGerald.

"TERRY is currently a partner with several Middleby brands, and our customers have greatly benefitted from their solution with improved equipment performance, reduced maintenance, and consistent high quality of food, ice and beverage."

Middleby held $156.5 million in cash and equivalents as of April 1, 2023.

Price Action: MIDD shares are trading lower by 0.99% at $146.08 on the last check Wednesday.