Mar. 02, 2020
The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Deutsche Beverage Technology, a leader in beverage brewing and processing systems. Based in Charlotte, N.C., the company has $40 million in annual revenues.
“Deutsche is a technology leader in beverage and liquid processing, offering a wide variety of advanced solutions for beer, cold brew coffee, kombucha and other liquid extraction applications,” said Tim FitzGerald, CEO of The Middleby Corporation. “Being well-positioned in fast growing markets and emerging segments, Deutsche has differentiated technology with highly engineered products. The company is very complementary to Ss Brewtech, which Middleby acquired in June, and we are now in a position to accelerate product development and leverage the sales capabilities of both brands. Our commitment remains to strategically expand the Middleby beverage offerings, as operators continue to have great interest in new products and solutions for their high-margin beverage programs.”
For more information on Deutsche Beverage Technology visit www.deutschebeverage.com. For more information about The Middleby Corporation and the company brands, please visit www.middleby.com