Foodservice Equipment Reports

Nieco Gets New Parent: Middleby

The Middleby Corp. has added another foodservice equipment maker to its wide-ranging stable of brands. Middleby announced Oct. 31 that it has acquired Nieco Corp., a West Coast maker of automatic broilers for a broad range of foodservice segments.

Nieco, based in Windsor, Calif., began as a sheet-metal manufacturer in 1905. Today it reports annual revenues of about $20 million. “As part of Middleby, we have the opportunity to offer Nieco products to a broader market by leveraging the strength of Middleby’s international sales organization and relationships with global restaurant chains,” said Middleby Chairman/CEO Selim Bassoul. “We continue to see a growing demand by our customers around the world to automate their kitchens, and Nieco products provide a unique solution that complements our existing conveyorized cooking products.”

Middleby, which makes its headquarters in Elgin, Ill., has more than 30 cooking and preparation equipment brands and 11 food-processing equipment companies.