Middleby Corporation has acquired Marco Beverage Systems Limited.
The water boiler and beverage machine maker said the takeover represents an “exceptional opportunity to support the rapid growth of Marco’s innovative products and global brand”.
Management, activities, and contacts for Marco will remain unchanged.
Paul Stack will continue as managing director with the support of the existing management team and Drewry Pearson in a consultancy role.
Based in Dublin, Ireland, Marco has annual revenues of $30m. It has operated for more than 40 years.
Marco said that Middleby will provide it with unrivalled access to its Coffee Solutions Group, consolidated independent rep groups and exposure to chain accounts.
Marco’s operations in Ningbo, China will extend Middleby’s manufacturing and sales teams and benefit from deeper supply chain and manufacturing technology.
Tim FitzGerald, CEO of Middleby, said: “Marco is a leader in innovative beverage dispensing systems. This acquisition is highly complementary to our growing beverage portfolio, and the Marco product line further expands our offerings in coffee brewers, cold brew dispense, and a variety of hot, cold and sparkling water dispensers.
“Touchless and in-counter dispense technology is rapidly gaining popularity due to space and labour advantages, along with enhanced aesthetic features. Marco is well-positioned with solutions for these growing trends.”