The Middleby Corporation (NASDAQ:MIDD) has acquired CP Packaging, a vacuum packaging equipment manufacturer based in Appleton, WI. CP Packaging generates annual sales of approximately $15 million.
The acquisition expands Middleby's manufacturing operations in the Food Processing Equipment Group by boosting packaging equipment offerings. The buyout also enhances MIDD's ability to provide customers with integrated full-line solutions.
Middleby CEO, Tim FitzGerald, said, "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."
