Middleby Announces the Acquisition of Packaging Progressions, Inc.
The Middleby Corporation (MIDD)
Last the middleby corporation earnings: 2/26 07:00 am
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Source: Business Wire
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Packaging Progressions, Inc. (Pacproinc). Based in Souderton, Pa., the company has $30 million in annual revenues.Pacproinc is a market leader in automated packaging technologies for customers in the protein and bakery segments. Specifically, their interleaving, underleaving, stacking, and card dispensing systems allow customers to automate production, increase throughput and efficiency, reduce downtime and production costs, enhance product quality and presentation while improving food and employee safety.“Pacproinc has been very successful in the development of highly-engineered, proprietary equipment that automates bacon, deli meat, fresh beef patty, protein alternative patty and pizza crust food processing lines. They have built a reputation as an innovative leader,” said Middleby CEO Tim FitzGerald. “The Pacproinc solutions are highly complementary to our existing processin
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