News
Middleby buys Italian oven maker
April 22, 2008
ELGIN, Ill. — The Middleby Corp., a maker of cooking equipment including high-speed pizza ovens, has acquired Florence, Italy-based Giga Grandi Cucine S.r.l. for 12.9 million Euro (U.S. $20.4M), including 6.2 million Euro (U.S. $9.8M) paid in cash at closing, 3.4 million (U.S. $5.3M) of deferred payments due to the sellers, and 3.3 million Euro (U.S. $5.2M) in assumed debt.
Giga is a leading European manufacturer of a broad line of commercial cooking equipment, including ranges, ovens and steam cooking equipment. The acquisition expands Middleby's platform of cooking equipment designed for the international markets, company officials said.
Related Media
Subscribe
Get the latest news and resources from Pizza Marketplace.
