Italian refrigeration brand sold to Middleby

Italian refrigeration manufacturer Desmon has agreed to be taken over by The Middleby Corporation.

The Nusco-based company, which specialises in chilling and freezing technologies, will become part of Middleby after the pair agreed a deal before Christmas.

Desmon makes sales of $15m (£10m) a year producing blast chillers and refrigeration equipment for commercial kitchens. The company’s products are known for their advanced insulation technology and energy efficiency.

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Selim Bassoul, chairman and CEO of Middleby, said the acquisition fills an important gap in its portfolio.

“Blast chilling offered by Desmon is complementary to our combi oven platform to establish a complete cook/freeze system which increases the efficiency of the kitchen and saves on food costs,” he said.

“Opportunities to combine their undercounter refrigeration lines with Middleby cooking lines to make an integrated preparation and cooking system are particularly appealing to our global restaurant chain customers.

“Our customers are now focusing more and more on fresh and healthier menu items. Blast chilling fits well into that growing trend and it is a disruptive way to rapidly freeze food retaining all of the nutrients.”

Desmon is one of two international businesses that Middleby has acquired in the past fortnight.

It also snapped up Goldstein Eswood, a leading commercial equipment manufacturer based in New
South Wales, Australia, with annual sales of $25m (£16m).

The Goldstein and Eswood brands are well established in the Australian and New Zealand markets and feature in many top restaurants.

Goldstein manufactures a broad line of commercial cooking equipment including ranges, ovens, griddles, fryers and warming equipment. Eswood is a leading manufacturer of dishwashing equipment for the commercial kitchen.

“This acquisition significantly expands the Middleby manufacturing, sales and service capabilities in the Australian and New Zealand markets and enables us to better serve our customers, including the global restaurant chains,” said Bassoul.

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