The Middleby Corporation, based out of Elgin, Ill., has acquired Beech Ovens Pty. Ltd., a manufacturer of stone hearth ovens for the commercial foodservice industry. Beech Ovens is based out of Brisbane, Australia, and earns approximately $10 million in annual sales.
With this acquisition, Middleby expands its portfolio in the cooking and warming segments and reinforces its position as a leading manufacturer of commercial ovens.
"Beech is recognized globally as a preferred brand in the manufacture of stone hearth ovens, tandoor ovens, rotisserie ovens, and specialty cooking equipment. Their unique design, energy efficiency and durability make Beech the oven of choice for many of the top restaurants globally," said Selim A. Bassoul, Middleby chairman and CEO.
Beech is particularly strong in emerging markets such as India, China and the Middle East, where the demand for display cooking is growing.