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New Walk-In Company Established After Manitowoc Sells Kysor Panel Systems
The Manitowoc Co., in the process of separating its foodservice and crane businesses, announced December 7 that it has sold Kysor Panel Systems, a maker of wood frame and high-density rail panel systems for walk-in freezers and coolers to a private investment firm affiliate for about $85 million. The buyer, D Cubed Group, also acquired…
Public E&S Companies Grow Sales 4.3% In Third Quarter
Results from eight publicly reporting equipment and supplies companies were mixed in the third quarter of 2015, according to data compiled by John Muldowney, principal at Clarity Marketing. Overall sales for the eight rose 4.3%, versus the third quarter last year, driven by strong gains from three of the equipment-oriented companies and a moderately positive…
We’re Sticking With FER’s E&S Forecasts
This is normally the time of year that our forecasting partner John Muldowney, principal at Clarity Marketing, and I look at our current equipment and supplies market forecasts. We talked last week and see no reason to revise either our 2015 estimate or our 2016 forecast. In fact the third quarter numbers from MAFSI and…
In Memoriam: Service Pioneer Irene Hodge Sykes
Irene Hodge Sykes, who with her husband Thomas founded Authorized Commercial Equipment Service in Charlotte, N.C., in 1950, died December 4. Sykes took over the business when her husband passed away, and became one of the first female owners of a service company member of the Commercial Food Equipment Service Association. The company joined CFESA…
Cherevaty Named VP/GM At Champion Moyer Diebel Canada
Champion Industries/Ali Group has tapped Scott Cherevaty as the new V.P. and General Manager for Moyer Diebel Ltd. Canada. Cherevaty will be head up sales, service and administration as well as help develop and implement strategic plans for Champion Moyer Diebel and Bi-line brands in the Canadian market. He began working for the Winston-Salem, N.C.-based…
Taco Bueno Gets New Owners
TPG Growth, a San Francisco-based private-equity firm, has acquired Taco Bueno Restaurants from Palladium Equity Partners, the New York firm that had owned the quick-service Tex-Mex chain since 2005. Terms of the deal were not disclosed. Taco Bueno has 177 restaurants in Arkansas, Colorado, Kansas, Louisiana, Missouri, Oklahoma, and Texas. The Farmers Branch, Texas, chain, founded…
Time To Register For NAFEM’s Annual Meeting & Management Workshop
With the holidays drawing near, the next few months will pass quickly, and the official industry association meeting season will be upon us. Register now for NAFEM’s 2016 Annual Meeting & Management Workshop, Feb. 19-22, at the InterContinental San Juan Resort & Casino, San Juan, Puerto Rico. The three-day meeting allows unrivaled networking for
Restaurant Technologies Buys Pure Fill Solutions
Restaurant Technologies, a provider of cooking-oil management to more than 23,000 operators nationwide, has acquired Pure Fill Solutions, which services more than 300 bakeries, grocery stores and independent restaurants throughout the St. Paul, Minn., region. The sale was finalized December 7. Pure Fill has served the Twin Cities metro area for 17 years; its customers will…
Quiznos Tests Fast-Casual Concept
Add Quiznos to the growing list of QSR chains moving to the grown-up table. Its new Quiznos Grill prototype in Denver features wine and beer on tap, and offers a smaller but more adult-geared menu with items such as kale salad and sandwiches prepared on the kitchen’s grill top and fryer. The unit also will…
NLRB Rules Against Jack In The Box
A National Labor Relations Board administrative law judge in San Francisco has ruled that Jack in the Box’s arbitration agreement, which is required as an employment condition, violates workers’ rights to pursue class-action law suits. The judge recommended the arbitration agreement be revised or removed, saying it violated employee rights under sections of the National…
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MANUFACTURERS
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SERVICES
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