Middleby Acquires JC Ford, Leader In Chip And Tortilla Production Systems And Has $70M In Annual Revenues; Financial Terms Of Transaction Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Middleby Corporation has acquired JC Ford, a leader in tortilla production systems with $70M in annual revenues. The acquisition aims to capitalize on the growing demand for tortilla products. Financial terms were not disclosed.
November 01, 2024 | 1:05 pm
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Middleby Corporation has acquired JC Ford, enhancing its product offerings in the fast-growing tortilla production market. This strategic move is expected to strengthen Middleby's position in the food equipment industry.
The acquisition of JC Ford by Middleby Corporation is likely to have a positive impact on MIDD's stock price in the short term. JC Ford's established presence in the tortilla production market and its $70M annual revenues will enhance Middleby's product offerings and market reach. The growing demand for tortilla products both in the U.S. and abroad presents a significant opportunity for Middleby to capitalize on this trend, potentially leading to increased revenues and market share.
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