Middleby Acquires Emery Thompson Frozen Dessert Equipment Company, Which Has Revenues Of $10M Annually; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
The Middleby Corporation (NASDAQ:MIDD) has acquired Emery Thompson, a global brand in frozen dessert equipment with annual revenues of $10 million. Financial terms of the acquisition were not disclosed.
October 11, 2024 | 1:06 pm
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Middleby Corporation has acquired Emery Thompson, a company with $10M in annual revenues, enhancing its portfolio in the frozen dessert equipment sector. Financial terms were not disclosed.
The acquisition of Emery Thompson by Middleby Corporation is likely to positively impact Middleby's stock price in the short term. The acquisition expands Middleby's product offerings in the frozen dessert equipment sector, potentially increasing its market share and revenue. Although the financial terms were not disclosed, the strategic acquisition aligns with Middleby's growth strategy.
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