Market Overview

The Middleby Corporation Acquires Scanico A/S


The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition
of Scanico A/S, a leading manufacturer of industrial cooling and
freezing equipment for the food processing industry. The company is
based in Aalborg, Denmark and has approximately $30 million in annual

"Scanico is a world leader in cooling and freezing technologies directed
to many sectors of the industrial food processing industries, with
significant market share within our core markets of protein and bakery.
The addition of Scanico further broadens the capabilities of our food
processing group with a highly complementary technology to our food
processing product portfolio," said Selim A. Bassoul, Chairman and CEO
of The Middleby Corporation. "With this acquisition, we add a highly
respected brand and continue to strengthen the portfolio of
comprehensive solutions that we offer our customers in the food
processing industry."


The Middleby Corporation is a global leader in the foodservice equipment
industry. The company develops, manufactures, markets and services a
broad line of equipment used in the commercial foodservice, food
processing, and residential kitchen equipment industries. The company's
leading equipment brands serving the commercial foodservice industry
include Anets®, Bear Varimixer®, Beech®, Blodgett®, Blodgett Combi®,
Blodgett Range®, Bloomfield®, Britannia®, Carter-Hoffmann®, Celfrost®,
Concordia®, CookTek®, CTX®, Desmon®, Doyon®, Eswood®, frifri®, Follett®,
Giga®, Globe®, Goldstein®, Holman®, Houno®, IMC®, Induc®, Jade®, L2F®,
Lang®, Lincat®, MagiKitch'n®, Market Forge®, Marsal®, Middleby
Marshall®, MPC®, Nieco®, Nu-Vu®, PerfectFry®, Pitco Frialator®,
QualServ®, Southbend®, Star®, Sveba Dahlen®, Toastmaster®, TurboChef®,
Wells® and Wunder-Bar®. The company's leading equipment brands serving
the food processing industry include Alkar®, Armor Inox®, Auto-Bake®,
Baker® Thermal Solutions®, Burford®, Cozzini®, CVP Systems®, Danfotech®,
Drake®, Maurer-Atmos®, MP Equipment®, RapidPak®, Scanico®, Spooner
Vicars®, Stewart Systems® and Thurne®. The company's leading equipment
brands serving the residential kitchen industry include AGA®, AGA
Cookshop®, Brigade®, Falcon®, Fired Earth®, Grange®, Heartland®, La
Cornue®, Leisure Sinks®, Lynx®, Marvel®, Mercury®, Rangemaster®,
Rayburn®, Redfyre®, Sedona®, Stanley®, TurboChef®, U-Line® and Viking®.

For more information about The Middleby Corporation and the company
brands, please visit

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