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Standex Buys Ultrafryer Systems, Sells Millwork And Fab Company
Standex International Corp. has acquired Ultrafryer Systems, a San Antonio-based maker of deep fryers for restaurant and commercial installations. “This acquisition is a big step in moving Standex into the foodservice chain fryer segment and complements many of FSEG’s current fryer product offerings within the grocery retail segment,” said John Abbott, group v.p.-Food Service Equipment…
FER Crowns Eleven Winners In Smallwares And Tabletop Contest
Eleven tabletop, servingware and smallwares products have been honored with awards in Foodservice Equipment Reports’s 13th annual Smallwares & Tabletop Awards. Six judges—three operators and three dealer specialists—made the final selections during a judging session held Aug. 6 at Edward Don’s headquarters in Woodridge, Ill. More than 60 tabletop and smallwares manufacturers submitted entries for…
Peet’s Parent To Pay $374 Million For Einstein Noah
The competition in the breakfast market, the hottest segment in foodservice, continues to percolate. Einstein Noah Restaurant Group, whose bagel empire includes Einstein Bros. Bagels, Noah’s New York Bagels and Manhattan Bagel, announced Sept. 29 that it will be sold to JAB Holding Co. for about $374 million. JAB, a German conglomerate formerly called Joh.…
Server Hires Quality Control Director
Server Products has added quality control expert Jodi McMahon to its operations. As the manufacturer’s new director-quality and business improvement, McMahon will lead Server’s ongoing initiatives to maintain and improve quality and utilize best practices. McMahon brings 20 years of experience in quality management to the post; she most recently served as quality and productivity…
MAFSI Reps Forecast 4.9% Sales Growth For 2014
Manufacturers’ reps expect sales of foodservice equipment and supplies to increase 4.9% this year in the U.S. and Canada compared with 2013, according to a new expanded Market Forecast Report released by the Manufacturers’ Agents Association for the Foodservice Industry. It’s the strongest annual gain forecast by the reps since the MAFSI Barometer—the group’s trending…
Strong Fourth Quarter Boosts Annual Gains For Public E&S Companies
Revenues jumped significantly for most of the publicly reporting equipment and supplies companies in the fourth quarter 2013, pushing annual sales higher for the full year. The numbers are compiled by John Muldowney, a marketing executive at the Boelter Cos., exclusively for Foodservice Equipment Reports. Four of the five equipment-oriented companies and both supplies-oriented companies…
Economic Recap: Food Prices Surge, State Tax Receipts Fall
Among other economic news of relevance to foodservice and the foodservice equipment industry: Food prices rose again in April at both the wholesale and retail levels. Wholesale food prices at the final demand level surged 2.7% in April, according to the Bureau of Labor Statistics. Prices also rose strongly at the intermediate stages of demand.…
U.S. Restaurant Traffic Was Flat For 12 Months Ended May, Says NPD
Sluggish growth in employment and wages, particularly among young adults, continues to undermine growth in restaurant traffic. Overall restaurant traffic was flat for the year ended in May, the NPD Group’s foodservice practice announced July 23, continuing a trend that has been apparent since the Great Recession. U.S. consumers made 61 billion visits to restaurants…
State Tax Revenues Fall For Second Consecutive Quarter, Reports Rockefeller Institute
State tax revenues fell 1.7% in the second quarter of 2014 compared with the same period in 2013, according to preliminary data compiled by the Rockefeller Institute of Government based in Albany, N.Y. The decline follows a 0.3% drop in overall state revenues in the first quarter, the first consecutive declines since the recession hit…
Mulling FER’s 2015 E&S Market Forecast
As we wrote after our annual FER President’s Preview E&S Market Forecast meeting in late July, we are quite optimistic about growth of the foodservice equipment and supplies market next year. John Muldowney (our forecasting partner and a marketing executive at The Boelter Cos.) and I forecast current dollar growth of 4.8% for the E&S…
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