M&A Deal Summary

Middleby Acquires Packaging Progressions

On July 16, 2019, Middleby acquired packaging company Packaging Progressions

Acquisition Highlights
  • This is Middleby’s 1st transaction in the Packaging sector.
  • This is Middleby’s 31st transaction in the United States.
  • This is Middleby’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2019-07-16
Target Packaging Progressions
Sector Packaging
Buyer(s) Middleby
Deal Type Add-on Acquisition

Target

Packaging Progressions

Souderton, Pennsylvania, United States
Packaging Progressions, Inc. is a provider of automated packaging technologies for customers in the protein and bakery segments. Packaging Progressions is based in Souderton, Pennsylvania.

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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 51 of 74
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 46 of 68
State (Pennsylvania) 2 of 2
Country (United States) 31 of 45
Year (2019) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-17 Ss Brewtech

Santa Ana, California, United States

CM Brewing Technologies, Inc. is a provider of brewing equipment and accessories for brewers all over the world. CM Brewing Technologies was founded in 2013 and is based in Santa Ana, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-20 Brava

Sacramento, California, United States

Brava offers proprietary cooking-by-light technology which provides users a fast, flexible, space-saving, and eco-friendly appliance for their kitchen counter. Brava is based in Sacramento, California.

Buy -
Mergr

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