Jun. 17, 2019
The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Ss Brewtech, a market leader in professional craft brewing and beverage equipment. Founded in 2013, the company has $20 million in annual revenues.
Ss Brewtech was the first to introduce professional-grade brewing equipment for the small scale craft brewing industry. Based in Santa Ana, Calif., the company will operate as an autonomous business unit within Middleby.
“Ss Brewtech provides a best-in-class craft brewing platform, enhancing our current beverage portfolio. Craft brewing, including on-site brewing in bars and restaurants, is growing in popularity and Ss Brewtech is well-positioned to benefit from this trend. The company has developed exclusive technology and a standardized platform allowing operators to install and operate equipment with minimal setup and training, while delivering superior beverage control and quality,” said Tim FitzGerald, CEO of The Middleby Corporation. “Ss Brewtech is a recognized and respected brand offering a differentiated value proposition for operators. We believe there are significant opportunities to leverage existing Middleby customer relationships and global distribution channels for future growth opportunities.”
More information on Ss Brewtech is available at www.ssbrewtech.com.