Middleby Acquires JoeTap, Nitro Brew Coffee Systems
Published on Apr. 16, 2018
Acquisitions
The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of JoeTap, a subsidiary of A.C. Beverage, Inc. The company is a leading innovator of on-demand nitro and cold brew coffee dispensing equipment for the commercial food service industry.
“JoeTap is a recognized leader in the nitro brew category, a market that is quickly gaining momentum. This acquisition extends our portfolio of beverage solutions and enables Middleby to provide customers with a solution as they capitalize on the nitro brew trend,” said Selim Bassoul, CEO of The Middleby Corporation. “JoeTap has a patented nitrogen infusion process that will be incorporated into innovative designs providing a smaller footprint and greater operator flexibility. We believe there is strong growth potential as we integrate the JoeTap solution with other Middleby beverage solutions and introduce JoeTap to Middleby’s broadened base of existing customers.”
More information on JoeTap is available at www.joetap.com
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