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Commercial broiler company acquired by Middleby

Nieco-broiler.jpg

Middleby has added another brand to its stable by taking over Nieco Corporation, a manufacturer of automatic broilers for the commercial foodservice industry.

Middleby has not disclosed how much it paid for the operation, but said California-based Nieco turns over revenues of $20m (£12.5m) a year.

Nieco has a strong sales network in the US and exports to a number of international territories. In the UK it lists Uxbridge-based Equipline as its sole distributor, while in Ireland it works with Dublin firm Caterline Catering Equipment.

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“Nieco automated broiling equipment is highly complementary to the current portfolio of Middleby cooking technologies, which are focused on improving efficiencies and reducing costs in our customers’ kitchens by providing solutions that reduce labor, save energy and cook at faster speeds,” said Middleby’s chairman and CEO Selim Bassoul.

More than 10,000 of Nieco’s broilers can already be found in Burger King restaurants worldwide and Bassoul insists that Middleby will use its overseas sales organisation and relationships with global restaurant chains to grow demand further.

Earlier this year Nieco introduced a new concept in broilers called BroilVection, a patented hybrid broiling technolog that combines radiant broiling, natural convection and forced convection air to deliver more product flavour with less energy costs.

Tags : acquisitionacquistionsbroilerbusinesscatering equipmentManufacturersMiddleby Corporation
Andrew Seymour

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