The Middleby Corporation is a global leader in the foodservice industry. The company develops and manufactures a broad line of solutions used in commercial foodservice, food processing, and residential kitchens
Based in Appleton, Wisconsin, CP Packaging has annual sales of approximately $15 million. (Credit: Stefan Schweihofer from Pixabay)
The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of CP Packaging, a manufacturer of advanced high-speed vacuum packaging equipment. Based in Appleton, Wisconsin, CP Packaging has annual sales of approximately $15 million.
“CP Packaging is a leading innovator of horizontal form-fill and seal thermoforming equipment. The CP Packaging systems provide customers with industry leading sanitation, faster production throughput and reduced operating costs. This acquisition further expands upon our ability to provide customers with integrated full-line solutions, while significantly strengthening the packaging equipment offerings in our food processing portfolio,” said Tim FitzGerald, Middleby CEO. “There are meaningful synergies amongst our packaging brands and our food processing platform, as we leverage our long-standing customer relationships, established global distribution and manufacturing capabilities.”
Source: Company Press Release