Middleby Acquires EVO America

midd-logo

A year rarely ends without a merger or acquisition just before midnight on December 31. And 2018 proved no exception when Middleby Corp. announced the acquisition of EVO America Inc., a manufacturer of ventless cooking equipment, including circular cooktops and grills for display cooking. Its Evo EVent received a 2015 Kitchen Innovation Award. 

The company, founded by Bob Shingler in 2001 and based near Portland, Ore., has approximately $8 million in annual revenues. Management includes Shingler as CIO; Scott Heim as president and CEO; and John Scadden as CFO.

“EVO has a patented ventless technology that can be incorporated into innovative designs that will provide our customers with a smaller footprint and greater flexibility,” says Middleby Chairman and CEO Selim Bassoul. “We believe there is strong growth potential as we integrate the EVO technology with other Middleby brands and cooking solutions and introduce EVO to Middleby’s sales and distribution channels.”

Elgin, Ill.-based Middleby bought Crown Food Service Equipment, a Toronto-based maker of steam-cooking equipment, in early December.

RELATED CONTENT

Chipotle 1200x800 1

Chipotle Sets Record Quarterly Sales of $2 Billion

Despite not yet recovering all its in-store sales, periodic staffing challenges, menu price hikes and supply chain disruptions, Chipotle Mexican Grill had a record third quarter, bringing in $2 billion...

Host 3 1200x800 2

HostMilano Kicks Off in Italy

HostMilano, one of the largest foodservice equipment shows in the world, kicked off today in Italy, and FER is on location.

- Advertisement -

- Advertisement -

- Advertisement -

TRENDING NOW

- Advertisement -

- Advertisement -