Middleby acquires Marel's UK slicing business
Feb. 23, 2015
by Erica Shaffer
ELGIN, Ill. – The Middleby Corporation said the company will acquire the assets and the manufacturing facility of Marel's high speed slicing business in Norwich, England. The slicing business generates annual revenues of approximately $15 million.
Middleby will rebrand the newly acquired products under the Thurne trademark. Thurne slicing technology includes automated bacon, deli-meat and cheese slicing equipment.
“We are excited to add Thurne to our Food Processing portfolio of leading brands,” said Selim Bassoul, chairman and CEO of Middleby. “This acquisition continues our strategy of adding integrated systems to complete total line solutions that we offer to the food processing industries, and enables us to better serve our customers.”
Terms of the deal were not disclosed. The transaction is expected to close before the end of FY2015 first quarter.