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Stock impact report

Middleby Acquires GBT GmbH Bakery Technology [Yahoo! Finance]

The Middleby Corporation (MIDD) 
Last the middleby corporation earnings: 2/26 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Technology (GBT). Based in Lünen, Germany, the company has expertise in engineering and manufacturing high-grade industrial baking and bread lines. Annual revenues are approximately €10 million. "GBT customizable equipment highly complements our existing bakery brands and allows us to strengthen our European presence in large scale baking," said Tim FitzGerald, CEO of Middleby. "The company brings German engineering capabilities and a broad knowledge of full line bakery solution integration to Middleby. Adding GBT innovation to our existing bakery portfolio will allow us to expand our offerings and customer base with new full line solutions. While we believe there are many synergies between the companies that will continue to increase, GBT will immediately benefit from our existing and well-established customer channels." GBT baking experts have decades of experience in high performance, large volume product systems for bread, buns, sweet pastries, and other baked goods. The compa Show less Read more
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