Middleby acquires Nieco Corp.
Elgin-based company The Middleby Corp. announced the acquisition of Nieco Corp., a manufacturer of automatic broilers for the commercial food service industry. The company has annual revenues of about $20 million and is headquartered in Windsor, Calif.
"Nieco automated broiling equipment is highly complementary to the current portfolio of Middleby cooking technologies, which are focused on improving efficiencies and reducing costs in our customers' kitchens by providing solutions that reduce labor, save energy and cook at faster speeds," said Selim A. Bassoul, chairman and CEO of Middleby Corp.
"We continue to see a growing demand by our customers around the world to automate their kitchens, and Nieco products provide a unique solution that complements our existing conveyorized cooking products," he said.
Nieco, founded in 1905, recently announced a new concept in broilers, BroilVection. BroilVection is a patented new generation hybrid broiling technology, combining radiant broiling, natural convection and focused forced convection air to deliver more product flavor with less energy costs.
Nieco customers include large quick service restaurants.
Middleby Corp. is a global leader in the food service industry and develops, manufactures, markets and services a broad line of equipment used for commercial food cooking, preparation and procession.
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