M&A Deal Summary

Middleby Acquires Follett Corp

On May 18, 2016, Middleby acquired manufacturer Follett Corp

Acquisition Highlights
  • This is Middleby’s 5th transaction in the Manufacturing sector.
  • This is Middleby’s 18th transaction in the United States.
  • This is Middleby’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2016-05-18
Target Follett Corp
Sector Manufacturing
Buyer(s) Middleby
Deal Type Add-on Acquisition

Target

Follett Corp

Easton, Pennsylvania, United States
Follett Corp is a manufacturer of ice machines, ice and water dispensing equipment, ice storage and transport products and medical grade refrigeration products for the foodservice and healthcare industries.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 32 of 74
Sector (Manufacturing) 5 of 16
Type (Add-on Acquisition) 30 of 68
State (Pennsylvania) 1 of 2
Country (United States) 18 of 45
Year (2016) 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 Burford

Maysville, Oklahoma, United States

Burford Corp. is a manufacturer of industrial baking equipment. Burford offers a wide variety of custom equipment backed by a rock solid service department. Burford Corp. was founded in 1961 and is based in Maysville, Oklahoma.

Buy -
Mergr

Product

Company

Legal