The Middleby Corporation, foodservice equipment provider, has acquired the assets of Marsal & Sons and High Speed Slicing business unit of Marel.
Article continues below
Marsal & Sons Inc. is a manufacturer of deck ovens based in Lindenhurst, New York with annual revenues of approximately $5 million, according to a company press release.
"We are excited to add Marsal to our portfolio of leading brands. Founded in 1969, Marsal is a long standing and highly recognized brand with pizza restaurant operators," said Selim A. Bassoul, chairman and CEO of The Middleby Corporation, in a company press release.
"Marsal has an outstanding reputation for quality and innovation with a broad product offering of deck, hearth bake and brick fired ovens. Combined with their specialized pizza refrigeration systems, Marsal is able to provide complete pizza systems that are scalable for single restaurants to large chains. The acquisition is highly synergistic with our existing product platform."
The Middleby Corporation announced it will acquire the assets and the manufacturing facility of the High Speed Slicing business unit of Marel, based in Norwich, United Kingdom. The slicing business has annual revenues of approximately $15 million USD.
Middleby will rebrand these products under the original trademark Thurne, and will continue to manufacture the broad line of high speed slicers and integrated slicing systems.
Thurne slicing technology includes automated bacon, deli-meat and cheese slicing equipment that provide customers with a solution to reduce labor, increase production throughput, and save on food costs while assuring quality through precise portion control.
"We are excited to add Thurne to our Food Processing portfolio of leading brands. This acquisition continues our strategy of adding integrated systems to complete total line solutions that we offer to the food processing industries, and enables us to better serve our customers," said Selim A. Bassoul, cairman and CEO of The Middleby Corporation, in a company press release.
The closing of the transaction is scheduled to take place prior to the end of the first quarter of 2015. ■