The Middleby Corporation acquired Proxaut, a transaction announced in June 2022, structured as Acquisition.
Proxaut operates in Food Processing, is based in Italy. Proxaut, based near Bologna, Italy, manufactures Automated Guided Vehicles (AGVs) for the food and industrial processing industries, with about $15 million in annual sales. Middleby acquired it to add automation.
Adds AGV automation technology to Middleby's Food Processing platform.
Advisory firms were not disclosed for this transaction.