The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Concordia Coffee Company, Inc. ("Concordia"), a leading manufacturer of automated and self-service coffee and espresso machines serving the commercial foodservice industry. Concordia has a highly innovative lineup of products that serve the needs of a wide array of convenience store, hotel, restaurant chain, and institutional customers. The company is located in Seattle and has approximately $15 million in annual revenues.
"The acquisition of Concordia expands and complements Middleby's growing portfolio of brands and innovative equipment solutions serving the beverage category," said Selim A. Bassoul, Chairman and CEO of The Middleby Corporation. "Coffee is an important and profitable category for many of our customers. Concordia has a rich history of innovation, technology, and passion for great coffee. The fully automated espresso machines of Concordia provide for thousands of beverage combinations that are served with consistency and speed, while at the same time providing for the highest beverage quality. Concordia's newest product innovation due to launch in the upcoming months, the Ascent, offers an on-demand brewed coffee one cup at a time with first cup freshness every time and zero waste. We are excited to offer these innovative solutions to a broadened Middleby customer base and anticipate we will realize significant sales growth at the Concordia business through leveraging Middleby’s existing global sales and service infrastructure."
Visit www.concordiacoffee.com for more information on Concordia Coffee Company, Inc.
About The Middleby Corporation
The Middleby Corporation is a global leader in the foodservice equipment industry. The company develops, manufactures, markets and services a broad line of equipment used in the commercial foodservice, food processing, and residential kitchen equipment industries. The company's leading equipment brands serving the commercial foodservice industry include Anets®, Beech®, Blodgett®, Blodgett Combi®, Blodgett Range®, Bloomfield®, Britannia®, Carter-Hoffmann®, Celfrost®, Concordia®, CookTek®, CTX®, Doyon®, frifri®, Giga®, Holman®, Houno®, IMC®, Jade®, Lang®, Lincat®, MagiKitch'n®, Market Forge®,Middleby Marshall®, MPC©, Nieco®, Nu-Vu®, PerfectFry®, Pitco Frialator®, Southbend®, Star®, Toastmaster®, TurboChef®, Viking®, Wells® and Wunder-Bar®. The company’s leading equipment brands serving the food processing industry include Alkar®, Armor Inox®, Auto-Bake®, Baker Thermal Solutions®, Cozzini®, Danfotech®, Drake®, Maurer-Atmos®, MP Equipment®, Processing Equipment Solutions®, RapidPak®, Spooner Vicars® and Stewart Systems®. The company’s leading equipment brands serving the residential kitchen industry include Brigade®, Jade®, TurboChef® and Viking®.
For more information about The Middleby Corporation and the company brands, please visit www.middleby.com.