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Middleby Acquires Packaging Progression in Pennsylvania, USA
Thursday 18 July 2019

18 July 2019 - US-based foodservice equipment company The Middleby Corp. (NASDAQ: MIDD) has acquired US-based automated packaging technologies provider Packaging Progressions, Inc. (Pacproinc), the company said.
Terms of the deal were not disclosed.
Based in Souderton, Pennsylvania, the company has USD 30m in annual revenues.
Pacproinc is a market leader in automated packaging technologies for customers in the protein and bakery segments.
Specifically, their interleaving, underleaving, stacking, and card dispensing systems allow customers to automate production, increase throughput and efficiency, reduce downtime and production costs, enhance product quality and presentation while improving food and employee safety.
The Middleby Corp. is in the foodservice equipment industry.
The company develops, manufactures, markets and services a broad line of equipment used in the commercial foodservice, food processing, and residential kitchen equipment industries.
Date Published: 18/07/2019
Target: Packaging Progressions, Inc. (Pacproinc)
Country: USA
Sector: IT/Online Services
Type: Corporate acquisition
Status: Closed
Buyer: The Middleby Corp
Terms of the deal were not disclosed