M&A Deal Summary

Middleby Acquires AGA Rangemaster Group

On September 29, 2015, Middleby acquired electronics company AGA Rangemaster Group for 129M GBP

Acquisition Highlights
  • This is Middleby’s 1st transaction in the Electronics sector.
  • This is Middleby’s 2nd largest (disclosed) transaction.
  • This is Middleby’s 4th transaction in the United Kingdom.

M&A Deal Summary

Date 2015-09-29
Target AGA Rangemaster Group
Sector Electronics
Buyer(s) Middleby
Deal Type Add-on Acquisition
Deal Value 129M GBP

Target

AGA Rangemaster Group

Leamington, United Kingdom
AGA Rangemaster Group Plc is a manufacturer of residential kitchen equipment including ranges, ovens and refrigeration.

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Buyer(S) 1

Buyer

Middleby

Elgin, Illinois, United States

Category Company
Founded 1888
Sector Manufacturing
Employees10,722
Revenue 4.0B USD (2023)
DESCRIPTION

Middleby designs, manufactures, markets, distributes, and services a broad line of food service 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 30 of 74
Sector (Electronics) 1 of 2
Type (Add-on Acquisition) 28 of 68
Country (United Kingdom) 4 of 4
Year (2015) 4 of 5
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 INDUC Commercial Electrics

Qingdao, China

INDUC (Qingdao) Commercial Electrics Co. Ltd. is a manufacturer of induction cooking equipment for the commercial foodservice industry. Based in Qingdoa, China,

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-16 Lynx Grills

Downey, California, United States

Lynx Grills, Inc. is a manufacturer of superior-quality, high-performance outdoor kitchen products. Lynx's offerings include a selection of premium stainless barbeque grills under the Lynx brand as well as complimentary cooking, storage, refrigeration and food preparation accessories.

Buy -