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September 02, 2010

Middleby to Acquire TurboChef

Published Tuesday, August 12, 2008

The Middleby Corp. is acquiring high-speed oven manufacturer TurboChef Technologies, Inc., in a deal worth $200 million. Middleby says it believes TurboChef’s technology is in the early stages of gaining broader market acceptance and it will boost it through the its global sales and service platform. “The acquisition of TurboChef will strengthen Middleby’s position as a global leader in the foodservice equipment industry,” said Middleby Chairman/CEO Selim Bassoul. “Having created the speed cooking category, TurboChef is the most widely known brand name in the category. The addition of TurboChef’s line of products will complement Middleby’s existing industry leading ...

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