Aug. 2, 2011
The Middleby Corporation today announced the acquisition of Auto-Bake Pty Ltd, a manufacturer of automated baking systems for the food processing industry. Auto-Bake has annualized revenues of about $20 million USD and is based in Australia.
"The acquisition of Auto-Bake adds another advanced set of products to our growing food processing platform and further expands the Middleby portfolio of leading brands and technologies," said Selim A. Bassoul, chairman and CEO of The Middleby Corporation. "The superior design of the Auto-Bake system offers customers a flexible and fully automated baking solution providing for labor savings and reduced energy consumption."
He added that Auto-Bake equipment is recognized for its top-quality bake in a compact, space saving footprint and is well positioned in North America and in emerging markets.
"We anticipate the well-established international infrastructure of Middleby will enable Auto-Bake to accelerate its growth and expand its global reach," Bassoul said.
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