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FER Presents Industry Service Awards
Foodservice Equipment Reports has announced the winners of its annual Industry Service Awards. The annual awards, presented since 2005, honor those who have made substantial, sustained contributions not just to their own firms and professional associations, but to the E&S industry as a whole. They are presented to a standout in each segment of the…
Kold-Draft Beefs Up Engineering Staff
The nuts-and-bolts of equipment design and engineering is getting a boost at Kold-Draft, which has added 10 certified engineers during the past year. Timothy W. Bethuy, v.p.-engineering and technical services, is spearheading the strategic hiring move. New employees at the Erie, Pa., manufacturer include six senior engineers; three serve as product line managers and project…
Public E&S Companies Return To Growth In Q2
Strong gains by Rational Americas, Manitowoc Foodservice and Middleby Corp. pushed blended sales of the public equipment and supplies companies into positive territory in the second quarter this year, with combined revenues up 0.7%. It was the first time the companies managed growth since third-quarter 2008. The gain follows a revised 4.3% decline in the…
State Tax Revenues Rise Slightly In First Quarter
For the first time since the third quarter of 2008, overall state tax revenues rose in the first quarter ’10 versus the first quarter year prior, according to the latest data from the Nelson A. Rockefeller Institute of Government, based in Albany, N.Y. But the increase was only 2.5% and almost all the increase was…
You Want To Know The Future? FER E&S Market Forecast Available
Foodservice Equipment Reports’ E&S Market Forecast package is available for purchase for $449. Purchasers will receive the entire seven-section forecast, including detailed data and analysis of economic and operator trends, exclusive commodity price forecasts from Tom Stundza of IHS Global Insight; E&S manufacturer list-price data from AutoQuotes Inc.; a ranking and analysis of the Top…
Announced E&S Price Increases Are Not Yet Significant, AutoQuotes Reports
While many foodservice equipment and supplies manufacturers have told FER Fortnightly they plan to raise prices later this year or early next, Kent Motes, CEO at AutoQuotes Inc., says most have yet to make formal announcements. Only 12 manufacturers announced list-price increases for November, not significantly higher than the eight increases taken in November 2009.…
Red Tape Gets Cut For Restaurant Development In L.A. County
Designing, building and opening a restaurant just got a lot easier in Los Angeles, where revised regulations are reducing bureaucratic holdups. The new rules, put in place last week, reduce contradictory regulations among the city agencies overseeing the building trades involved—including mechanical, architectural, health, grease control, and electrical. The overlapping regulations led to delays of…
CPK Finds Foreign Franchisors An Issue In Mexico
California Pizza Kitchen is a leader in the trend of foodservice chains fueling growth and earnings with increased overseas openings; the Los Angeles chain just opened its first store in India and its fourth unit in South Korea. But a dispute over CPK’s expansion in Mexico highlights a potential problem for chains working with franchise…
Stimulus Package For Equipment Purchases Good Through 2011
There’s just a little more than a year for operators to reap the benefits of the Small Business Jobs and Credit Act of 2010. The bill, signed by President Obama at the end of September, gives restaurants an extra incentive to purchase new foodservice equipment as long as the purchase is completed during the 2010…
CHICAGO METALLIC BAKEWARE
CHICAGO METALLIC BAKEWARE, Lake Zurich, Ill., has appointed Mike Macdonald national sales manager. Macdonald, with more than 17 years experience in foodservice sales and management, will oversee the company’s sales reps and provide-baking pan solutions to customers. He most recently worked as a representative for Midwest Venture Partners and Top O’ The Table.
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