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Growth Slowed For Big U.S.-Based Public Equipment And Supplies Companies In Fourth Quarter 2014
Nine publicly reporting equipment and supplies companies based in the U.S. saw combined revenue growth slow to 2.7% in the fourth quarter of 2014 vs. the same quarter in 2013. It was the slowest quarter since the third quarter 2012 and follows four consecutive quarters during which growth exceeded 6.5%. The numbers are compiled for…
Brazilian Foodservice Market Continued To Grow As General Economy Slowed
The shine on three of the four so-called BRIC countries—Brazil, Russia, India and China—has dulled the past few years, as has economic growth in emerging markets as a whole. India is the only one of the four forecast to see growth accelerate this year. The Int’l. Monetary Fund just reduced its forecasts for emerging market…
Las Iguanas Puts Itself On The Menu
In our January issue of Worldwide Report, we reported that Britain’s Las Iguanas planned to open 100 units across its home country. Now it appears that the Latin-themed chain, which has 39 restaurants across England, Scotland and Wales, is looking for new owners. Las Iguanas’ private-equity owners at Bowmark Capital hired advisers last year to run a…
Hatco Wins ESOP Award
Hatco Corp., lauded as a company that does its best to provide a great workplace for its employee owners, has been named ESOP Company of the Year by the Wisconsin chapter of the ESOP Association, the nation’s largest advocacy and education association that focuses on preserving and promoting employee ownership through the employee stock ownership…
Pennsylvania-Based Carnegie Debuts Expanded 32,000-Sq.-Ft. Facility
Carnegie Foodservice Equipment, which got its start in 1928 by selling smallwares to taverns, is ready to expand nationally with a newly opened showroom and renovated warehouse in Altoona, Pa. The family-owned company held a ribbon-cutting ceremony April 10 to celebrate the opening of the 32,000-sq.-ft. renovation and expansion. The new 17,000-sq.-ft. showroom offers a…
FEDA Scores With Speakers At 82nd Annual Convention
More than 360 foodservice equipment industry professionals convened last month in Phoenix at the JW Marriott Desert Ridge Resort and Spa for the 82nd annual FEDA Convention. The association reported rave reviews for the lineup of speakers and programming created by convention chair Carl Gustafson (Ace Mart Restaurant Supply) and co-chair Jay Ringelheim (Globe Equipment…
Finishing Top Dealer And Looking At The Forecast
If you haven’t sent us your form for our annual Top Dealer listing, to be published in the June issue of FER, this is your absolutely last chance. Just to remind you, any dealer of any size can be listed in either our verified or “reported, not verified” listings. You just need to fill out…
FER Exclusive: How TriMark USA Reached $1 Billion In Annual Sales
TriMark USA, the South Attleboro, Mass.-based, multidivision dealership, had a big year in 2014. It reported $1.072 billion in sales in 2014 for Foodservice Equipment Reports’ annual verified Top Dealers Report. And late last summer, New York-based private-equity firm Warburg Pincus signed on as the company’s new sponsor. TriMark management continues to own a share…
Boelter Cos. Buys Direct South
The Boelter Cos., the country’s fifth largest equipment and supplies dealer, has acquired Macon, Ga.-based Direct South. The acquisition expands the Milwaukee company’s reach in the Southeast region of the country. Terms of the deal were not disclosed. Direct South was founded in 1960 as Macon Restaurant Supply Co. In 2012, the company merged with…
Halton Group Acquires North Carolina-Based Air Cleaning Company
Halton Group has expanded its reach in the indoor climate solution markets. Last month, the Finnish company acquired the Sandford, N.C., air cleaning company Air Scrubbers, which specializes in commercial kitchen environments. Air Scrubbers’ electrostatic filtration technology will be utilized as part of Halton’s solution portfolio and it will operate as part of Halton Foodservice,…
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