Business

Middleby Residential finalizes outdoor brand additions

Posted December 28, 2021 12:00 am

ELGIN - The Middleby Corporation has finalized the previously announced acquisition of Masterbuilt Holdings, LLC and their residential outdoor brands Kamado Joe and Masterbuilt.

Middleby also has completed the acquisition of Char-Griller, a leader in residential outdoor charcoal and gas cooking products based in Atlanta. Char-Griller has revenues of approximately $150 million in 2021.

"We continue to make strategic acquisitions that strengthen our three industry leading food service platforms," Middleby CEO Tim FitzGerald said. "Char-Griller further adds to our product offerings for the outdoor market and the growing number of backyard cooking enthusiasts. With complementary customers and channels of distribution, Char-Griller provides Middleby Residential with added growth opportunities. There are meaningful synergies to leverage supply chain, manufacturing, product development and distribution capabilities.

"The addition of Kamado Joe, Masterbuilt and Char-Griller outdoor cooking brands expand the revenues of our Middleby Residential platform to more than $1 billion."

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