News

Middleby acquiring ice equipment company

June 1, 2016

The Middleby Corporation has acquired Follett Corporation, a manufacturer of ice machines, ice and water-dispensing equipment, ice storage and transport products, and medical-grade refrigeration products for the food service and health industries. The company, which is headquartered in Easton, Pennsylvania, has about $140 million in annual revenues, according to a news release.

"Follett is a strategic fit with our growing beverage platform, complementing existing Middleby brands in a number of domestic and international market niches, and providing for opportunities to offer combined beverage and ice solutions," said Selim A. Bassoul, chairman and CEO of The Middleby Corporation. "We are excited about Follett's past record of growth and its strong position for future growth, which will be further enhanced within the broader Middleby group."