The Middleby Corporation has announced the acquisition of Escher Mixers, a designer and manufacturer of highly-engineered spiral and planetary mixers for the industrial baking industry.
Customers of Escher’s include large grocery and retail chains and provide established solutions for the artisanal bread and pastry industries. Located in Vicenza, Italy, the company has annual revenue of US$15 million.
“Escher is a leading provider of innovative dough handling and mixing equipment, including automated and robotic solutions. This acquisition is a perfect complement to our current bakery brands and allows us to offer full-line integrated solutions for lower operating costs and enhanced production efficiencies,” said Tim FitzGerald, CEO of Middleby Corporation. “We know firsthand the high quality of the company and the superiority of their products based on our commercial history and partnership. We are confident there will be a seamless strategic fit between our companies.”
Escher offers fully automated solutions for pre-dough mixing processes. Automated dough mixing and line capacity utilisation reduces product production costs and eliminates the use of dough additives for clean label bakery product with expanded shelf life. All Escher’s mixers are ergonomically designed to ensure accessibility, cleanability and food safety.
This news follows on from Middleby Corporation’s appointments of industry professionals Kurt Eickmeyer and Phil Eaton to the leadership team, on top of promoting two senior executives Cael Goodin and Edgar Burgos within the company. Mr Eickmeyer joined as Senior Vice President, Strategic Initiatives and Mr Eaton joined as Vice President Sales and Marketing.
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