Middleby expands growing beverage business
ELGIN -- Middleby Corp. Thursday announced the acquisition of Icetro, a maker of ice, soft serve ice cream and slush machines used by restaurants and food service operators.
The company is headquartered in South Korea with U.S. operations based in Anaheim, California. Financial terms of the acquisition were not disclosed. However, Icetro has annual sales of approximately $40 million, Middleby said.
"Icetro products are highly complementary to our growing portfolio of Middleby beverage brands. Because of their exceptional products and demonstrated reliability, Icetro machines are approved by numerous regional and global chain customers," said Tim FitzGerald, Middleby CEO.
Icetro also expands Middleby offerings in ice machines, adding a selection of cubed and flaked models.
Middleby develops and manufactures a broad line of food service machines and equipment used by restaurants, commercial food service operators, food processing companies and in residential kitchens.