October 14, 2014 (Milwaukee, WI) – The Middleby Corporation (Middleby) announced today that it has signed a definitive agreement to acquire U-Line Corporation (U-Line) from Linsalata Capital Partners (Linsalata). U-Line has been a portfolio company and proud partner of Linsalata since 2004.
For over five decades, and through three generations, U-Line continues to be the American leader in innovation, quality and performance in the premium built-in modular ice making, refrigeration and wine preservation market. U-Line is headquartered in Milwaukee, Wisconsin. Middleby is a leading provider of equipment for commercial and residential kitchens, and systems for industrial food solutions. With more than 50 brands across three product platforms, Middleby develops, manufactures, sells, and distributes products, equipment and appliances worldwide. Middleby is a publicly-traded company (NASDAQ: MIDD) with a strong track record of acquiring and growing companies.
"I am encouraged that U-Line will continue its strong growth as we join Middleby,” states Jennifer Uihlein, President of U-Line, "We are in a very exciting time for the company, launching a fully redesigned product portfolio, in addition to launching a variety of new models. U-Line’s executive team, along with our employees and distributor partners, will ensure we continue to build on three generations of innovation. I am confident that becoming affiliated with Middleby will support our continued growth within the residential market.”
"We are pleased to add U-Line to our portfolio of highly respected companies," states Timothy Fitzgerald, Vice President and CFO of The Middleby Corporation. "U-Line is a well-established brand and a clear category leader in their segment. We look forward to supporting U-Line’s continued growth and profitability throughout the residential market in North America and globally. It is our intent to help Jennifer and her executive team to continue to grow U-Line in Milwaukee, where it’s been since the Uihlein family started the company in 1962.”
For over five decades, and through three generations, U-Line continues to be the American leader in innovation, quality and performance in the premium built-in modular ice making, refrigeration and wine preservation market. Delivering versatility and flexibility for multiple applications including residential, light commercial, outdoor and marine use, U-Line’s complete product collection includes modular Wine Captain® Models, Beverage Centers, Clear Ice Machines, Crescent Ice Makers, Glass & Solid Door Refrigerators, Drawer Models, Freezers, and Combo® Models. U-Line offers the right product, in the right place, at the right temperature. U-Line is headquartered in Milwaukee, Wisconsin with a west coast office located in Laguna Beach, California. For more information on U-Line and its products visit u-line.com.
About The Middleby Corporation
The Middleby Corporation is a global leader in the foodservice equipment industry. The company develops, manufactures, markets and services a broad line of equipment used in the commercial foodservice, food processing, and residential kitchen equipment industries. The company's leading equipment brands serving the commercial foodservice industry include Anets®, Beech®, Blodgett®, Blodgett Combi®, Blodgett Range®, Bloomfield®, Britannia®, Carter-Hoffmann®, Celfrost®, Concordia®, CookTek®, CTX®, Doyon®, frifri®, Giga®, Holman®, Houno®, IMC®, Jade®, Lang®, Lincat®, MagiKitch'n®, Market Forge®,Middleby Marshall®, MPC©, Nieco®, Nu-Vu®, PerfectFry®, Pitco Frialator®, Southbend®, Star®, Toastmaster®, TurboChef®, Viking®, Wells® and Wunder-Bar®. The company’s leading equipment brands serving the food processing industry include Alkar®, Armor Inox®, Auto-Bake®, Baker Thermal Solutions®, Cozzini®, Danfotech®, Drake®, Maurer-Atmos®, MP Equipment®, Processing Equipment Solutions®, RapidPak®, Spooner Vicars® and Stewart Systems®. The company’s leading equipment brands serving the residential kitchen industry include Brigade®, Jade®, TurboChef® and Viking®. For more information about The Middleby Corporation and the company brands, please visit www.middleby.com.
Media Contact: Diana Franklin, +1-949-715-0947, firstname.lastname@example.org