Middleby Acquires Emery Thompson Frozen Dessert Equipment Company
Middleby (NASDAQ: MIDD) has announced the acquisition of Emery Thompson, a global brand in frozen dessert equipment. Located in Brooksville, Florida, Emery Thompson generates annual revenues of $10 million. The acquisition is expected to enhance Middleby's product offerings in the frozen dessert category, which includes gelato, frozen yogurt, custard, sorbet, hard ice cream, sherbet, and Italian ice.
Middleby CEO Tim FitzGerald highlighted potential synergies between Emery Thompson and Taylor Company, another Middleby brand. The company anticipates opportunities for sales growth through existing Middleby market channels and partners. Emery Thompson, established in 1905, is known for its batch freezers and innovation in frozen dessert equipment, as well as exceptional customer service and specialized training offerings.
Middleby (NASDAQ: MIDD) ha annunciato l'acquisizione di Emery Thompson, un marchio globale nel settore delle attrezzature per dessert congelati. Situata a Brooksville, Florida, Emery Thompson genera ricavi annuali di $10 milioni. Si prevede che l'acquisizione migliori l'offerta di prodotti di Middleby nella categoria dei dessert congelati, che include gelato, yogurt congelato, budino, sorbetto, gelato duro, sherbet e granite italiane.
Il CEO di Middleby, Tim FitzGerald, ha evidenziato le potenziali sinergie tra Emery Thompson e Taylor Company, un altro marchio di Middleby. L'azienda prevede opportunità di crescita delle vendite attraverso i canali di mercato e i partner esistenti di Middleby. Emery Thompson, fondata nel 1905, è conosciuta per le sue macchine per la produzione di gelato e per l'innovazione nelle attrezzature per dessert congelati, così come per il suo eccezionale servizio clienti e le offerte di formazione specializzata.
Middleby (NASDAQ: MIDD) ha anunciado la adquisición de Emery Thompson, una marca global en equipos para postres congelados. Ubicada en Brooksville, Florida, Emery Thompson genera ingresos anuales de $10 millones. Se espera que la adquisición mejore la oferta de productos de Middleby en la categoría de postres congelados, que incluye gelato, yogur congelado, natillas, sorbete, helado duro, sorbetes y hielo italiano.
El CEO de Middleby, Tim FitzGerald, destacó las posibles sinergias entre Emery Thompson y Taylor Company, otra marca de Middleby. La compañía anticipa oportunidades de crecimiento en ventas a través de los canales de mercado y socios existentes de Middleby. Emery Thompson, establecida en 1905, es conocida por sus congeladores por lotes y su innovación en equipos para postres congelados, así como por su excepcional servicio al cliente y su formación especializada.
Middleby (NASDAQ: MIDD)는 Emery Thompson의 인수를 발표했습니다. Emery Thompson는 아이스크림 기계 분야의 글로벌 브랜드로 플로리다 주 브룩스빌에 위치하고 있으며 연간 수익은 $10 백만입니다. 이번 인수는 Middleby의 디저트 카테고리에서의 제품 제공을 향상시킬 것으로 예상되며, 이는 젤라토, 냉동 요거트, 커스터드, 소르베, 경질 아이스크림, 셔벗 및 이탈리안 아이스를 포함합니다.
Middleby의 CEO인 Tim FitzGerald는 Emery Thompson과 Middleby의 다른 브랜드인 Taylor Company 간의 시너지 가능성을 강조했습니다. 이 회사는 기존 Middleby 시장 채널과 파트너를 통해 판매 성장의 기회를 예상하고 있습니다. 1905년에 설립된 Emery Thompson은 배치 프리저 및 냉동 디저트 기계의 혁신뿐만 아니라 뛰어난 고객 서비스와 전문 교육 제공으로 잘 알려져 있습니다.
Middleby (NASDAQ: MIDD) a annoncé l'acquisition de Emery Thompson, une marque mondiale dans le secteur des équipements pour desserts glacés. Située à Brooksville, en Floride, Emery Thompson génère un chiffre d'affaires annuel de $10 millions. On s'attend à ce que cette acquisition améliore l'offre de produits de Middleby dans la catégorie des desserts glacés, qui comprend le gelato, le yaourt glacé, la crème anglaise, le sorbet, la glace dure, le sorbet et la glace italienne.
Le PDG de Middleby, Tim FitzGerald, a souligné les synergies potentielles entre Emery Thompson et la Taylor Company, une autre marque de Middleby. L'entreprise anticipe des opportunités de croissance des ventes par le biais des canaux de marché et des partenaires existants de Middleby. Emery Thompson, fondée en 1905, est connue pour ses congélateurs batch et son innovation dans le domaine des équipements de desserts glacés, ainsi que pour son service client exceptionnel et ses offres de formation spécialisée.
Middleby (NASDAQ: MIDD) hat die Übernahme von Emery Thompson angekündigt, einer globalen Marke für Geräte zur Herstellung von gefrorenen Desserts. Das Unternehmen mit Sitz in Brooksville, Florida, erzielt einen Jahresumsatz von $10 Millionen. Die Übernahme wird voraussichtlich das Produktangebot von Middleby im Bereich gefrorene Desserts erweitern, zu dem Gelato, gefrorener Joghurt, Pudding, Sorbet, hartes Eis, Sherbet und italienisches Eis gehören.
Tim FitzGerald, CEO von Middleby, hob die potenziellen Synergien zwischen Emery Thompson und der Taylor Company, einer weiteren Marke von Middleby, hervor. Das Unternehmen erwartet Wachstumschancen im Vertrieb über die bestehenden Marktkanäle und Partner von Middleby. Emery Thompson, gegründet im Jahr 1905, ist bekannt für seine Batch-Freeze-Geräte und Innovationen im Bereich gefrorener Dessertgeräte sowie für seinen hervorragenden Kundenservice und spezielle Schulungsangebote.
- Acquisition of Emery Thompson, a well-known global brand in frozen dessert equipment
- Emery Thompson generates $10 million in annual revenue
- Enhances Middleby's product offerings in the growing frozen dessert category
- Potential synergies with existing Middleby brand Taylor Company
- Opportunities for sales growth through existing Middleby market channels and partners
- None.
Insights
The acquisition of Emery Thompson by Middleby (NASDAQ: MIDD) is a strategic move to expand its presence in the frozen dessert equipment market. With Emery Thompson's
The deal aligns with Middleby's expansion strategy in the food service equipment sector. By integrating Emery Thompson with its existing Taylor Company brand, Middleby can leverage cross-selling opportunities and potentially increase market share in the growing frozen dessert segment. This could lead to revenue growth and margin improvements in the medium to long term.
However, investors should note that the immediate financial impact may be due to Emery Thompson's relatively small size. The success of this acquisition will depend on Middleby's ability to effectively integrate operations and capitalize on the mentioned synergies. Overall, this move strengthens Middleby's product portfolio and market position, which could be viewed positively by investors focused on long-term growth strategies.
The acquisition of Emery Thompson by Middleby taps into the growing frozen dessert market, which has seen increased consumer demand for products like gelato, frozen yogurt and artisanal ice creams. This move positions Middleby to capitalize on changing consumer preferences and dietary trends.
Emery Thompson's reputation for quality batch freezers and innovation in frozen dessert equipment complements Middleby's existing offerings. By combining Emery Thompson with the Taylor Company brand, Middleby can offer a more comprehensive product line to food service businesses, potentially increasing its market share and customer base.
The
“Emery Thompson is a highly respected, well-established brand that will greatly enhance our product offerings in the frozen dessert category. As gelato, frozen yogurt and custard, sorbet, hard ice cream, sherbet and Italian ice continue to gain popularity in the marketplace, Middleby will be well-positioned to address this customer demand,” said Tim FitzGerald, Middleby CEO. “There are many synergies between Emery Thompson and Taylor Company, a globally recognized Middleby brand. When we bring these brands to the market together, we expect there to be opportunities for sales growth for Emery Thompson through existing Middleby market channels and partners.”
An industry-leading brand since 1905, Emery Thompson is known for its best-in-class batch freezers and innovation in frozen dessert equipment. The company has a reputation for delivering an exceptional customer experience with outstanding customer service and specialized training offerings.
Learn more about Emery Thompson and the company’s products on their webpage www.emerythompson.com.
ABOUT THE MIDDLEBY CORPORATION
The Middleby Corporation is a global leader in the foodservice industry. The company develops and manufactures a broad line of solutions used in commercial foodservice, food processing, and residential kitchens. Middleby showcases its advanced solutions in the Middleby Innovation Kitchens for commercial foodservice, industrial baking and protein Innovation Centers for food processing solutions and state-of-the-art, award-winning Middleby Residential showrooms.
For more information about Middleby, please visit www.middleby.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241010954995/en/
Darcy Bretz, VP of Corporate Communications, dbretz@middleby.com
Source: The Middleby Corporation
FAQ
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