Published: August 02, 2011
The Middleby Corporation Acquires Auto-Bake Pty Ltd.
ELGIN, Ill. - (BUSINESS WIRE) - The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition
of Auto-Bake Pty Ltd, a leading manufacturer of automated baking systems
for the food processing industry. Auto-Bake has annualized revenues of
approximately $20 million USD and is based in Australia.
"The acquisition of Auto-Bake adds another advanced set of products to
our growing food processing platform and further expands the Middleby
portfolio of leading brands and technologies," said Selim A. Bassoul,
Chairman and Chief Executive Officer of The Middleby Corporation. "The
superior design of the Auto-Bake system offers customers a flexible and
fully automated baking solution providing for labor savings and reduced
energy consumption. Auto-Bake equipment is recognized for its
top-quality bake in a compact, space saving footprint. Auto-Bake is well
positioned in North America and in emerging markets. We anticipate the
well established international infrastructure of Middleby will enable
Auto-Bake to accelerate its growth and expand its global reach."
About The Middleby Corporation
The Middleby Corporation is a global leader in the foodservice equipment
industry. The company develops, manufactures, markets and services a
broad line of equipment used for commercial food cooking, preparation
and processing. The company's leading equipment brands serving the
commercial foodservice industry include Anets, Blodgett®, Blodgett
Combi, Beech Ovens®, Bloomfield®, Brittania®, Carter Hoffmann®,
CookTek, CTX®, Doyon®, Danfotech®, FriFri®, Giga®, Holman®, Houno®,
IMC, Jade®, Lang®, Lincat®, MagiKitch'n®, Maurer-Atmos®, Middleby
Marshall, Nu-Vu®, PerfectFry®, Pitco Frialator®, Southbend®, Star®,
Toastmaster Turbochef and Wells. The company's leading equipment
brands serving the food processing industry include Alkar, Cozzini®, MP
Equipment, and RapidPak®. The Middleby Corporation has been recognized
by Forbes Magazine as one of the Best Small Companies in 2008, 2009 and
2010.
For further information about Middleby, visit www.middleby.com.

The Middleby Corporation
Darcy Bretz, (847) 429-7756
Tim
FitzGerald, (847) 429-7744
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