The Middleby Corporation acquired Novy Invest NV for approximately $250.9 million, a transaction completed in July 2021, structured as all cash.
Novy Invest NV operates in Residential Kitchen. Novy is a leading manufacturer of premium residential ventilation hoods and cooktops, located in Belgium.
Strengthened the Residential Kitchen platform with a premium European ventilation and cooktop brand.
Advisory firms were not disclosed for this transaction.