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Stock impact report

Middleby Acquires Ss Brewtech

The Middleby Corporation (MIDD) 
Last the middleby corporation earnings: 2/26 07:00 am Check Earnings Report
Company Research Source: Business Wire
ELGIN, Ill.--(BUSINESS WIRE)-- The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Ss Brewtech, a market leader in professional craft brewing and beverage equipment. Founded in 2013, the company has $20 million in annual revenues. Ss Brewtech was the first to introduce professional-grade brewing equipment for the small scale craft brewing industry. Based in Santa Ana, Calif., the company will operate as an autonomous business unit within Middleby. “Ss Brewtech provides a best-in-class craft brewing platform, enhancing our current beverage portfolio. Craft brewing, including on-site brewing in bars and restaurants, is growing in popularity and Ss Brewtech is well-positioned to benefit from this trend. The company has developed exclusive technology and a standardized platform allowing operators to install and operate equipment with minimal setup and training, while deliv Show less Read more
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