Middleby buys Follett Corporation
USA: Foodservice equipment manufacturer the Middleby Corporation has acquired ice equipment company Follett Corporation.
With headquarters in Easton, Pennsylvania, Follett is described as a leading manufacturer of ice machines, ice and water dispensing equipment, ice storage and transport products and medical grade refrigeration products for the foodservice and healthcare industries. It has annual sales of around $140m.
“Follett is a highly respected, industry leading brand in foodservice and healthcare markets with a long-standing reputation for innovation,” said Selim A Bassoul, chairman and CEO of The Middleby Corporation.
“Follett is a strategic fit with our growing beverage platform, complementing existing Middleby brands in a number of domestic and international market niches, and providing for opportunities to offer combined beverage and ice solutions,” he added.
Founded in 1948, Follett has a 12,500m² plant and office space in the Lehigh Valley, Pennsylvania, as well as a plant in Gdansk, Poland.