The Middleby Corporation announced its acquisition of the assets of Market Forge Industries, a manufacturer of steam cooking equipment for the foodservice industry, a company news release said.
The product offerings of Market Forge include countertop steamers, kettles and braising pans used by restaurants and foodservice operations. Market Forge has annual revenues of approximately $15 million, the release said.
"The steam cooking category is a large and growing sector in the commercial foodservice industry. Through the acquisition of Market Forge, we add an industry-leading brand focused on steam cooking to our portfolio," said Selim A. Bassoul, chairman and CEO of The Middleby Corporation. "Recent innovations such as the Eco-Tech and TurboSteam countertop steamers are eco-friendly, energy efficient products providing our customers with flexible and cost-efficient steam cooking solutions. We believe by leveraging the well-established Middleby global sales and distribution network we will realize significant sales opportunities in this category."
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