Middleby acquires PES assets
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ELGIN, Ill. – The Middleby Corp. acquired the assets of Gainesville, Ga.-based Processing Equipment Solutions, Inc. (PES).
PES is a leading manufacturer of food processing equipment, including the IntelliJet and MegaJet line of water cutting systems, meat presses and fillet systems. PES reports its latest annual revenues of approximately $15 million.
“The acquisition of PES highly complements our existing portfolio of technologies for the food processing industry. The MegaJet and IntelliJet line of water cutting systems are state of the art, providing a high volume, accurate and flexible solution to our food processing customers,” said Selim A. Bassoul, chairman and CEO of The Middleby Corporation. “We believe there are significant sales and manufacturing synergies with this transaction. Through existing Middleby’s global sales and service infrastructure we will be able to introduce the line of PES products to new markets.”
The Middleby Corp. is a leading developer of a broad line of equipment used in commercial foodservice, food processing and residential kitchens.