Imperial Commercial Cooking Equipment, the fryer and countertop equipment maker with annual revenues of $40m (£29m), has agreed to sell its business to Middleby Corporation.
The acquisition is the first that Middleby has made since losing out to Ali Group in the race to buy Welbilt earlier this summer.
California-based Imperial has been trading since 1957 and supplies a range of cooking equipment to customers around the globe.
Middleby CEO Tim FitzGerald described Imperial as a “highly-respected” brand that would complement its existing core cooking category.
“Imperial has impressive manufacturing capabilities, which will provide potential for greater efficiencies and flexibility to our commercial foodservice platform. Working with our long-standing international distribution partners, Imperial has a prime opportunity to expand its global reach.
“Imperial also has an established presence in the quickly growing fast-casual chain restaurant segment, which will be a benefit to the Middleby brands as well.”