M&A Deal Summary

Standex Acquires American Foodservice

On January 10, 2007, Standex acquired machinery company American Foodservice for 84M USD

Acquisition Highlights
  • This is Standex’s 5th transaction in the Machinery sector.
  • This is Standex’s 2nd largest (disclosed) transaction.
  • This is Standex’s 6th transaction in the United States.
  • This is Standex’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2007-01-10
Target American Foodservice
Sector Machinery
Buyer(s) Standex
Deal Type Add-on Acquisition
Deal Value 84M USD

Target

American Foodservice

Savannah, Tennessee, United States
website
American Foodservice Co. is a recognized premium food service equipment manufacturer with expertise in stainless steel, millwork and solid surface stonework.

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Buyer(S) 1

Buyer

Standex

Salem, New Hampshire, United States

website

Category Company
Founded 1955
Sector Manufacturing
Employees3,800
Revenue 605M USD (2020)
DESCRIPTION

Standex is a multi-industry manufacturer in five broad business segments: Food Service Equipment Group, Air Distribution Products Group, Engineering Technologies Group,Engraving Group and the Electronics and Hydraulics Group with operations in the United States, Europe, Canada, Australia, Singapore, Mexico, Brazil, India, Turkey and China. Standex was founded in 1955 and is based in Salem, New Hampshire.

DEAL STATS #
Overall 7 of 24
Sector (Machinery) 5 of 8
Type (Add-on Acquisition) 7 of 22
State (Tennessee) 1 of 1
Country (United States) 6 of 18
Year (2007) 2 of 2
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-10 Associated American Industries

Allen, Texas, United States

Associated American Industries, Inc. is a source of quality equipment solutions to the food service and retail industries worldwide. The company supplies a wide selection of equipment for cooking, toasting, heating & holding, warming and merchandising food items.

Buy $84M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-11 BG Laboratories

Binghamton, New York, United States

BG Laboratories is a manufacturer of custom-designed magnetics for the aviation, aerospace and military end-markets.

Buy $2M
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