M&A Deal Summary

Middleby Acquires Nieco

On October 31, 2012, Middleby acquired machinery company Nieco

Acquisition Highlights
  • This is Middleby’s 14th transaction in the Machinery sector.
  • This is Middleby’s 10th transaction in the United States.
  • This is Middleby’s 1st transaction in California.

M&A Deal Summary

Date 2012-10-31
Target Nieco
Sector Machinery
Buyer(s) Middleby
Deal Type Add-on Acquisition

Target

Nieco

Windsor, California, United States
Nieco Corp. is a manufacturer of automatic broilers for the commercial foodservice industry.

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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 17 of 74
Sector (Machinery) 14 of 36
Type (Add-on Acquisition) 16 of 68
State (California) 1 of 6
Country (United States) 10 of 45
Year (2012) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-07 Stewart Systems

Plano, Texas, United States

Stewart Systems, Inc. is a manufacturer of baking systems for the food processing industry. Stewart Systems is a long-standing and well-recognized leader in the production of highly automated proofing and oven systems for the baking industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-31 Viking Range

Greenwood, Mississippi, United States

Viking Range Corporation is an ultra-premium major appliance manufacturer and culinary lifestyle company that originated commercial-type appliances for the home and is the creator of the “Professional” category of major appliances. Viking is headquartered in Greenwood, Mississippi.

Buy $380M