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Middleby Acquires Colussi Ermes, Terms Not Disclosed

The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition of Colussi Ermes, a leading worldwide manufacturer of automated washing solutions for the food processing industry. Located in Pordenone, Italy the

Benzinga · 07/27/2022 18:01

The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition of Colussi Ermes, a leading worldwide manufacturer of automated washing solutions for the food processing industry. Located in Pordenone, Italy the company has approximately $50 million in annual revenues.

"Colussi Ermes is a highly respected, global leader directly addressing food safety and sanitation, a top priority across the entire food processing industry," said Tim FitzGerald, Middleby CEO. "Colussi has the broadest offerings of automated washing solutions, covering a wide array of applications. Their washing solutions are in demand due to technology that reduces labor needs, decreases water and energy usage, minimizes chemical use and operates in a small footprint. The Colussi washing systems complement our existing food processing solutions and are incorporated in many of our current customer projects. This acquisition will support a significant opportunity for collaboration with brands presently in our portfolio, to deliver best-in-class, full-line solutions to our customers."