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Chain Appointments:
James Walker, chief development officer at Johnny Rockets, has been promoted to president-operations and development at the Aliso Viejo, Calif., company. Walker, who joined the 330-unit chain in December 2013, will oversee development strategy, including construction, design and real estate, as well as domestic and international operations. Prior to joining Johnny Rockets, Walker was chief development…
Minnesota Manufacturers Merge
Automated Equipment LLC, a Red Wing, Minn.-based maker of foodservice equipment such as automated French-fry makers and ice-cream-topping dispensers acquired neighboring Acrotech in January. “We are very excited by the addition of Acrotech to our product family. The focus on tools for safety, quality and productivity improvements fit right into our core competencies,” stated Richard…
Rodriguez Joins Heritage As U.S. Service V.P.
Carlos “Charlie” Rodriguez, a veteran of the foodservice service industry, has been hired by Heritage Foodservice Group as v.p.-U.S. service operations. Rodriguez will oversee the Fort Wayne, Ind., firm’s service operations in New Orleans, Oklahoma City and South Florida to enhance Heritage’s aftermarket footprint and strengthen relations with critical OEM partners in support of those…
Manitowoc Foodservice To Be Spun Off From Parent
Determining that its two divisions will be stronger as separate, autonomous companies, The Manitowoc Co. has announced it is splitting its Cranes and Foodservice businesses into two independent, publicly traded companies. The Manitowoc, Wis., company plans to carry out the separation through a tax-free spin-off of its foodservice business to be completed early next year.…
A New Generation Takes The Reins At Curtis
The Wilbur Curtis Co., the family-owned maker of commercial coffee and tea brewing systems, has promoted two key executives. Kevin Curtis is the Montebello, Calif., firm’s new president and CEO; his brother, Michael Curtis, is the newly named executive v.p. The announcement was made by company chairman Bob Curtis. “Kevin has proven himself an invaluable…
Middleby Acquires Deck Oven Maker, Marsal & Sons
Last month, Middleby Corp. acquired the assets of Marsal & Sons Inc., a Lindenhurst, N.Y., manufacturer of deck ovens. Founded in 1969, the company has annual revenues of approximately $5 million. “Marsal has an outstanding reputation for quality and innovation with a broad product offering of deck, hearth-bake and brick-fired ovens,” said Selim Bassoul, Middleby’s…
Sales Continued To Improve For Canadian Restaurants In The Fourth Quarter 2014
Nearly 80% of restaurant operators polled for Restaurants Canada’s Restaurant Outlook Survey reported increased or equal same-store sales in the fourth quarter of last year. The percentage reporting lower sales fell to only 23%, the lowest percentage since the survey began in 2011. But operators are less optimistic about sales trends during the next six…
Consumer Confidence Down, Gas Prices Up
The party had to end sometime. The run-up in consumer confidence took a pause during the first half of February, according to the preliminary reading from the University of Michigan’s Consumer Sentiment Index, released Feb. 13. The index fell unexpectedly to 93.6 from a final measure of 98.1 in January. That reading was the strongest…
Relatively Mild Winter Helping Restaurant Sales
If you live in the Northeast, it may not seem like this winter is milder than last year’s. But it is for much of the country and that is helping restaurant sales trend higher, according to Black Box Intelligence, as reported in Nation’s Restaurant News. According to the research group’s Restaurant Industry Snapshot, which tracks…
2014 Another Busy Year For E&S Deals
It was an active year again in 2014 as business life-cycle factors and a healthy E&S market kept the pace of merger and acquisition activity relatively high. As has been typical lately, The Middleby Corp. was particularly active. Dealer activity was somewhat restrained after a very busy 2013. And there continued to be a number…
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