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Ice machine and beverage firm Icetro gets new owner

Icetro

Icetro, the maker of ice, soft serve and slush machines that are used worldwide in commercial foodservice, has been sold to the Middleby Corporation.

With annual sales of approximately $40m, the company is headquartered in South Korea with US operations based in Anaheim, California

Tim FitzGerald, CEO of Middleby Group, said: “Icetro products are highly complementary to our growing portfolio of Middleby beverage brands. Because of their exceptional products and demonstrated reliability, Icetro machines are approved by numerous regional and global chain customers.

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“Icetro expands our offerings in ice, adding a selection of cubed and flaked machines, while their soft serve and slush machines enhance our existing product lines with a collection of countertop equipment. Icetro soft serve technology has heat-treat pasteurization capabilities addressing food safety issues, while reducing
cleaning and labor requirements.”

FitzGerald said Icetro has a modern, state-of-the-art production facility with rigorous quality standards.

“This acquisition furthers our Asian manufacturing capabilities and provides us with local solutions to support our customers expanding in international markets,” he added.

Tags : acquisitionsbeverage machinesIcetroMiddleby Corporation
Andrew Seymour

The author Andrew Seymour

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