Corporate
Acquisitions

Middleby Acquires Josper S.A.

Apr. 20, 2018

The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Josper S.A., a leading manufacturer of charcoal grill and oven cooking equipment for commercial foodservice and residential applications. Based in Pineda de Mar, Spain, near Barcelona, Josper has approximately $20 million USD in annual revenues.

“Josper is a recognized leader in the specialty charcoal cooking category. Charcoal cooking is a growing trend in the U.S. and markets globally due to the flavor profile and versatility of the equipment,” said Selim Bassoul, CEO of The Middleby Corporation. “Josper has led the way in this category introducing market-leading innovations allowing for faster grilling times and a superior, natural grilled taste. We are excited about the continued growth potential of Josper, which should be enhanced through leveraging Middleby’s longstanding customer relationships and global infrastructure.”

More information on Josper is available at www.josper.es/en/.