The Middleby Corporation acquired Icetro, a transaction announced in June 2022, structured as Acquisition.
Icetro operates in Commercial Foodservice, is based in South Korea. Icetro makes ice, soft serve and slush machines used in commercial foodservice worldwide. Headquartered in South Korea with U.S. operations in Anaheim, California, it has about $40 million in annual sales. Middleby acquired it to grow its beverage business.
Expands Middleby's beverage and ice/soft-serve equipment platform.
Advisory firms were not disclosed for this transaction.