Middleby Acquires JC Ford, Leader in Chip and Tortilla Production Systems
Middleby (NASDAQ: MIDD) has acquired JC Ford, a leading manufacturer of tortilla production equipment systems with $70 million in annual revenues. Founded in 1945 and based in Columbia, Tennessee, JC Ford specializes in automated solutions for tortilla, tortilla chips, and corn-based snacks production. The company recently moved to a new 132,000-square-foot facility near Nashville. This acquisition strengthens Middleby's presence in the fast-growing snack food category, offering opportunities for synergies and growth in the tortilla market, which is experiencing increasing consumer demand both domestically and internationally.
Middleby (NASDAQ: MIDD) ha acquisito JC Ford, un produttore leader di sistemi per la produzione di tortilla con 70 milioni di dollari di fatturato annuo. Fondata nel 1945 e con sede a Columbia, Tennessee, JC Ford si specializza in soluzioni automatizzate per la produzione di tortilla, tortilla chips e snack a base di mais. L'azienda si è recentemente trasferita in una nuova struttura di 132.000 piedi quadrati vicino a Nashville. Questa acquisizione rafforza la presenza di Middleby nel settore in rapida crescita degli snack, offrendo opportunità di sinergie e crescita nel mercato delle tortilla, che sta vivendo una crescente domanda da parte dei consumatori sia a livello nazionale che internazionale.
Middleby (NASDAQ: MIDD) ha adquirido JC Ford, un fabricante líder de sistemas de producción de tortillas con 70 millones de dólares en ingresos anuales. Fundada en 1945 y con sede en Columbia, Tennessee, JC Ford se especializa en soluciones automatizadas para la producción de tortillas, totopos y snacks a base de maíz. La compañía se mudó recientemente a una nueva instalación de 132,000 pies cuadrados cerca de Nashville. Esta adquisición refuerza la presencia de Middleby en la categoría de alimentos snack de rápido crecimiento, ofreciendo oportunidades de sinergias y crecimiento en el mercado de tortillas, que está experimentando un aumento en la demanda de los consumidores tanto a nivel nacional como internacional.
Middleby (NASDAQ: MIDD)는 연간 매출 7천만 달러의 타르티야 생산 장비 시스템을 전문으로 하는 선두 제조업체 JC Ford를 인수했습니다. 1945년에 설립되어 테네시주 콜럼비아에 본사를 두고 있는 JC Ford는 타르티야, 타르티야 칩, 그리고 옥수수 기반 스낵 생산을 위한 자동화 솔루션에 전문화되어 있습니다. 이 회사는 최근 내슈빌 근처에 132,000제곱피트 규모의 새로운 시설로 이전했습니다. 이번 인수는 빠르게 성장하는 스낵 식품 분야에서 Middleby의 입지를 강화하며, 국내외적으로 점점 증가하는 소비자 수요를 경험하고 있는 타르티야 시장에서 시너지를 창출하고 성장할 기회를 제공합니다.
Middleby (NASDAQ: MIDD) a acquis JC Ford, un fabricant de premier plan de systèmes de production de tortillas avec 70 millions de dollars de revenus annuels. Fondée en 1945 et basée à Columbia, dans le Tennessee, JC Ford se spécialise dans des solutions automatisées pour la production de tortillas, de chips de tortilla et de snacks à base de maïs. L'entreprise a récemment déménagé dans un nouvel établissement de 132 000 pieds carrés près de Nashville. Cette acquisition renforce la présence de Middleby dans la catégorie des collations en pleine croissance, offrant des opportunités de synergie et de croissance sur le marché des tortillas, qui connaît une demande croissante de la part des consommateurs tant sur le plan national qu'international.
Middleby (NASDAQ: MIDD) hat JC Ford übernommen, einen führenden Hersteller von Produktionssystemen für Tortillas mit 70 Millionen Dollar Jahresumsatz. Gegründet 1945 und mit Sitz in Columbia, Tennessee, ist JC Ford auf automatisierte Lösungen für die Produktion von Tortillas, Tortilla-Chips und maiss-basierten Snacks spezialisiert. Das Unternehmen ist kürzlich in eine neue 132.000 Quadratfuß große Einrichtung in der Nähe von Nashville umgezogen. Diese Übernahme stärkt die Präsenz von Middleby im schnell wachsenden Snackfood-Sektor und bietet Möglichkeiten für Synergien und Wachstum im Tortillamarkt, der eine steigende Nachfrage von Verbrauchern sowohl national als auch international erlebt.
- Acquisition adds $70 million in annual revenue to Middleby
- Expands presence in fast-growing tortilla and snack food market
- Strong recurring revenue base from established customers
- Access to modern 132,000-square-foot production facility
- Potential for operational synergies and margin improvements
- None.
Insights
This strategic acquisition significantly expands Middleby's footprint in the lucrative snack food processing sector. With
The acquisition offers multiple value drivers:
- Geographic expansion with JC Ford's new 132,000-square-foot facility
- Cross-selling opportunities through complementary product lines
- Margin expansion potential through operational synergies
- Enhanced market position in automated food processing solutions
The tortilla market represents a significant growth opportunity, driven by changing consumer preferences and the increasing popularity of Mexican cuisine globally. JC Ford's specialized expertise in automated tortilla production systems addresses a critical need in the industry for efficient, large-scale manufacturing solutions. Their established presence with major food manufacturers provides Middleby with immediate access to key accounts in this rapidly expanding sector.
The acquisition's strategic value is enhanced by JC Ford's recent facility upgrade, which demonstrates operational readiness for scaling production. This modern infrastructure, combined with Middleby's extensive distribution network, creates a strong foundation for capturing the growing demand for tortilla production equipment across international markets.
JC Ford offers a broad range of automated, full-line solutions for corn and flour tortillas, tortilla chips, and other corn-based snacks. In 2021, the company moved into a state-of-the-art, 132,000-square-foot production facility in its
“We have targeted the snack food category as an attractive growing market for our Food Processing Group. The acquisition of JC Ford complements our existing product offerings, significantly strengthening our presence in this faster growing category. The company has developed innovative solutions that have been quickly accepted as the industry standard, allowing customers to automate production lines with a low cost of ownership. JC Ford has highly recognizable customers with a strong base of recurring revenue,” said Tim FitzGerald, Middleby CEO. “We see significant opportunities to leverage synergies providing for added growth and margin opportunities.”
More information on JC Ford can be found at www.jcford.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. In 2022 Middleby was named a World’s Best Employer by Forbes and is a proud philanthropic partner to many national organizations. For more information about Middleby, please visit www.middleby.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241101451480/en/
PR inquiries: Darcy Bretz, VP of Corporate Communications, dbretz@middleby.com
Investor relations inquiries: John Joyner, jjoyner@middleby.com
Source: The Middleby Corporation
FAQ
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