The Middleby Corporation has continued its expansion efforts with the purchase of Ss Brewtech.
The California-based firm, founded in 2013, is a leader in the professional craft brewing and beverage equipment industry, and is worth $20 million in annual revenues.
It is the latest in a spate of acquisitions for Middleby, including the purchase of Cooking Solutions Group from Standex in February and Powerhouse Dynamics in April.
Speaking about the latest acquisition, the firm’s CEO, Tim FitzGerald, said: “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.”
He continued: “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.
“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.”