Middleby Bolsters Food Processing Portfolio Via Acquisition Of Filtration Automation
Portfolio Pulse from Akanksha Bakshi
Middleby Corporation has acquired Filtration Automation Inc., known for its Micron-Pro brand high-capacity oil management systems. Filtration Automation has annual revenues of approximately $10 million and its patented technologies are used in various food applications. Middleby's cash balances as of April 1, 2023, were $156.5 million.
June 13, 2023 | 3:14 pm
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Middleby acquires Filtration Automation Inc., expanding its food processing portfolio and potentially increasing revenues.
The acquisition of Filtration Automation Inc. by Middleby Corporation directly impacts MIDD as it expands their food processing portfolio. Filtration Automation has annual revenues of $10 million, which could contribute to Middleby's revenue growth. The patented technology also offers cost savings and improved performance, making it a valuable addition to Middleby's offerings.
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