M&A Deal Summary

Middleby Acquires Standex International - Cooking Solutions Group

On February 27, 2019, Middleby acquired manufacturer Standex International - Cooking Solutions Group from Standex

Acquisition Highlights
  • This is Middleby’s 9th transaction in the Manufacturing sector.
  • This is Middleby’s 28th transaction in the United States.
  • This is Middleby’s 1st transaction in New Hampshire.

M&A Deal Summary
Date 2019-02-27
Target Standex International - Cooking Solutions Group
Sector Manufacturing
Buyer(s) Middleby
Sellers(s) Standex
Deal Type Divestiture

Target

Standex International - Cooking Solutions Group

Salem, New Hampshire, United States
Standex International Corp. - Cooking Solutions Group is a manufacturer of innovative commercial Food Service Equipment Group offering a wealth of refrigeration and cooking expertise. Cooking Solutions Group consists of the well-known brands APW Wyott, Bakers Pride, BKI, and Ultrafryer.

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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 48 of 73
Sector (Manufacturing) 9 of 16
Type (Divestiture) 5 of 5
State (New Hampshire) 1 of 1
Country (United States) 28 of 45
Year (2019) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-31 EVO

Tualatin, Oregon, United States

Evo is a cooking appliance manufacturer. Evo offers energy-efficient gas and electric circular cooktops for both indoor and outdoor use. Evo was founded in 2001 and is based in Tualatin, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Powerhouse Dynamics

Newton, Massachusetts, United States

Powerhouse Dynamics, Inc. uses cloud-based controls and analytics to deliver enterprise-wide operational and energy efficiency solutions to portfolios of small commercial facilities, including restaurants, convenience stores, retailers, and more.

Buy -

Seller(S) 1

SELLER

Standex

Salem, New Hampshire, United States
Category Company
Founded 1955
Sector Manufacturing
Employees3,700
Revenue 721M USD (2024)
DESCRIPTION

Standex is a multi-industry manufacturer in five broad business segments: Food Service Equipment Group, Air Distribution Products Group, Engineering Technologies Group, Engraving Group and the Electronics and Hydraulics Group with operations in the United States, Europe, Canada, Australia, Singapore, Mexico, Brazil, India, Turkey and China. Standex was founded in 1955 and is based in Salem, New Hampshire.

DEAL STATS #
Overall 6 of 8
Sector (Manufacturing) 4 of 5
Type (Divestiture) 5 of 7
State (New Hampshire) 2 of 2
Country (United States) 5 of 7
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-16 Giorik

Sedico, Italy

Giorik S.p.A. is a manufacturer of innovative professional cooking equipment.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-29 GS Engineering

Maumee, Ohio, United States

GS Engineering specializes in the manufacturing of rapid texturized tooling for the automotive industry. GS Engineering is recognized experts in the manufacture of tooling for soft touch interior components, as well as secondary processing operations such as part trim and press-bonding.

Buy -
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