The Middleby Corp. has acquired the assets of Market Forge Industries, Inc, a manufacturer of steam cooking equipment for the food service industry.
The Middleby Corp. has acquired the assets of Market Forge Industries, Inc, a manufacturer of steam cooking equipment for the food service industry. Market Forge's products include countertop steamers, kettles and braising pans. Annual revenues are about $15 million.
“The steam cooking category is a large and growing sector in the commercial foodservice industry," says Middleby Chairman/CEO Selim Bassoul. "Through the acquisition of Market Forge, we add an industry-leading brand focused on steam cooking to our portfolio. A long-standing, trusted brand with a one-hundred year history, Market Forge is well-known for quality and innovation. Recent innovations such as the Eco-Tech and TurboSteam countertop steamers are eco-friendly, energy efficient products providing our customers with flexible and cost-efficient steam cooking solutions. We believe by leveraging the well-established Middleby global sales and distribution network we will realize significant sales opportunities in this category.”