The Middleby Corp. has expanded globally again, acquiring the assets of Induc Commercial Electronics, a Qingdoa, China, manufacturer of commercial induction-cooking equipment. Induc, an established brand in China with a growing presence in other Asian countries, has annual revenues of approximately $10 million. “We are excited to add Induc to our portfolio of innovative technologies,”…
BLAKESLEE DISHWASHING SYSTEMBlakeslee’s Flight-Type Dishwashing Systems are modular and can be designed to fit the structural constraints of any dishroom. Three-tank units come in 120-, 140- and 150-in. models with a 20- or 30-in.-wide belt. The smaller belt allows the warewasher to wash up to 9,066 dishes/hr., while the larger belt allows the unit to…
It doesn’t happen very often, but our forecasting partner John Muldowney, Principal at Clarity Marketing, and I actually had a minor disagreement about how fast the foodservice equipment and supplies market has been growing. But after much debate, we are now sticking with our current estimates and forecasts for 2014 and 2015. Last July, at…
Strong gains in same-store sales and traffic pushed up the National Restaurant Association’s Restaurant Performance Index in April. One indicator of capital spending was flat while the other rose sharply. The overall RPI rose 0.5 point to 102.7. It was the 26th consecutive month the index indicated the restaurant industry is expanding. Any reading of…
Supply & Equipment Foodservice Alliance honored 31 members and supplier award winners, including its Member of the Year, Myers Restaurant Supply, at its 29th Annual Partnership Conference Awards Banquet on April 21 in Huntington Beach, Calif. Myers earned SEFA’s highest dealer award for its outstanding, continuous growth. Vulcan won the group’s other highest distinction, Supplier…
Heritage Parts recently announced its accreditation by the Better Business Bureau for its e-commerce site. The endorsement, which includes the highest validation with an A+ rating as a BBB-accredited business, underlines the Fort Wayne, Ind., company’s commitment to the bureau’s “Standards of Trust” and delivering quality products for its online business. Businesses earning BBB accreditation…
As we wrote two weeks ago, we think 2015 will be the best year for equipment and supplies sales in the current economic cycle. Every part of the market—chains, the street business, the spec markets—are humming along. Restaurant operators had another strong month in April, according to the latest National Restaurant Association Restaurant Performance Index.…