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updated: 2/28/2019 2:16 PM

Middleby to acquire Standex Cooking Solutions Group

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  • Brian Hill/bhill@dailyherald.comThe Middleby Corp. in Elgin said Thursday it will acquire the Cooking Soultions Group from Standex International Corp.

    Brian Hill/bhill@dailyherald.comThe Middleby Corp. in Elgin said Thursday it will acquire the Cooking Soultions Group from Standex International Corp.

 

ELGIN -- The Middleby Corp. said it will acquire the Cooking Soultions Group from Standex International Corp.

Terms of the acquisition were not announced.

The Cooking Solutions Group consists of the well-known brands APW Wyott, Bakers Pride, BKI and Ultrafryer. In 2018, the Standex Cooking Solutions Group had revenues of approximately $100 million. Based in Allen, Texas, Standex Cooking Solutions Group has six locations, the Group headquarters, three manufacturing sites and two distribution centers. Products include combination and convection ovens, fryers, ranges, food merchandisers and warmers.

"The Standex cooking brands are well recognized and respected in the food service industry. This acquisition adds to the product portfolio and expands the customers and markets which Middleby serves," said Tim FitzGerald, CEO of The Middleby Corporation.

"BKI has a strong presence in the retail segment, a market in which Middleby has historically had limited representation, providing for a complementary fit and growth opportunities within this customer segment which can extend to other Middleby products," he added.

FitzGerald said other brand in the group, such as APW and Bakers Pride, will help the company expand is footprint y in Mexico and Latin America.