M&A Deal Summary

The Middleby Acquires Lincat Group

On May 31, 2011, The Middleby Corp. acquired machinery company Lincat Group plc for 58M USD

Acquisition Highlights
  • This is The Middleby’s 6th transaction in the Machinery sector.
  • This is The Middleby’s 5th largest (disclosed) transaction.
  • This is The Middleby’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2011-05-31
Target Lincat Group plc
Sector Machinery
Buyer(s) The Middleby Corp.
Deal Type Add-on Acquisition
Deal Value 58M USD

Target

Lincat Group plc

Lincoln, United Kingdom
website
Lincat Group plc engages in the manufacture and supply of commercial catering equipment in the United Kingdom and internationally.

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Buyer(S) 1

Buyer

The Middleby Corp.

Elgin, Illinois, United States

website


Category Company
Founded 1888
SectorManufacturing
Employees9,289
Revenue 2.5B USD (2020)
DESCRIPTION

Middleby designs, manufactures, markets, distributes, and services a broad line of foodservice equipment used in all types of commercial restaurants and institutional kitchens, food preparation, cooking, baking, chilling and packaging equipment for food processing operations, and premium kitchen equipment including ranges, ovens, refrigerators, ventilation and dishwashers primarily used in the residential market. Middleby was founded in 1888 and is based in Elgin, Illinois.


DEAL STATS #
Overall 9 of 61
Sector (Machinery) 6 of 31
Type (Add-on Acquisition) 9 of 55
Country (United Kingdom) 1 of 4
Year (2011) 2 of 6
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-02 F.R. Drake Co., Inc.

Waynesboro, Virginia, United States

F.R. Drake Co., Inc.is a Designer and manufacturer of automatic loading systems for cylindrical products and frozen patties.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-06 Danfotech, Inc.

Kansas City, Missouri, United States

Danfotech, Inc. is a manufacturer of equipment for the food processing industry. Danfotech products include meat tenderizers, tumblers, presses and defrosting systems.

Buy -