Middleby Acquires JC Ford, Leader in Chip and Tortilla Production Systems
The Middleby Corporation (MIDD)
Last the middleby corporation earnings: 2/26 07:00 am
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Source: Business Wire
ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of JC Ford, a leading manufacturer of tortilla production equipment systems. Founded in 1945, the company is based in Columbia, Tenn., and has $70 million in annual revenues.JC Ford offers a broad range of automated, full-line solutions for corn and flour tortillas, tortilla chips, and other corn-based snacks. In 2021, the company moved into a state-of-the-art, 132,000-square-foot production facility in its Nashville-area headquarters. The consistent increase in consumer demand for tortilla products has made it one of the fastest growing baked food segments both in the U.S. and abroad.“We have targeted the snack food category as an attractive growing market for our Food Processing Group. The acquisition of JC Ford complements our existing product offerings, significantly strengthening our presence in this faster growing category. The company has developed innovative solutions that
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News
- The Middleby Co. (NASDAQ: MIDD) had its "buy" rating re-affirmed by analysts at Canaccord Genuity Group Inc.. They now have a $155.00 price target on the stock.MarketBeat
- The Middleby Co. (NASDAQ: MIDD) had its "hold" rating re-affirmed by analysts at Jefferies Financial Group Inc.. They now have a $160.00 price target on the stock, down previously from $170.00.MarketBeat
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MIDD
Earnings
- 10/31/24 - Miss
MIDD
Sec Filings
- 11/14/24 - Form SC
- 11/8/24 - Form 4
- 11/7/24 - Form 10-Q
- MIDD's page on the SEC website