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January 5, 2015
Middleby Opens Office In Dubai
Middleby Middle East opened in Dubai, UAE, in February. The grand opening coincided with the Feb. 23-27 Gulfood Show in the Dubai World Trade Center. The American company’s new location serves the Middle East with technical support, design services and a test kitchen for customers while covering all three Middleby platforms: commercial foodservice, food processing…
January 5, 2015
Golden Gate Capital To Sell On The Border
Golden Gate Capital has agreed to sell the 157-unit On The Border Mexican Grill & Cantina casual-dining brand to Borders Holdings, an affiliate of Argonne Capital Group. Terms of the transaction have not been disclosed. On The Border, the largest full-service Mexican restaurant brand in the U.S., owns and operates 121 units domestically and franchises…
January 5, 2015
Sentinel Adds TGI Fridays
TGI Fridays will have a new parent by the end of July. Carlson is selling the chain to Sentinel Capital Partners and TriArtisan Capital Partners. Financial terms of the transaction were not disclosed. Carlson, which acquired TGI Fridays in 1975 when it had just 12 units, plans to focus on its hotel and travel businesses….
January 5, 2015
Standex Buys Ultrafryer Systems, Sells Millwork And Fab Company
Standex International Corp. has acquired Ultrafryer Systems, a San Antonio-based maker of deep fryers for restaurant and commercial installations. “This acquisition is a big step in moving Standex into the foodservice chain fryer segment and complements many of FSEG’s current fryer product offerings within the grocery retail segment,” said John Abbott, group v.p.-Food Service Equipment…
January 5, 2015
FER Crowns Eleven Winners In Smallwares And Tabletop Contest
Eleven tabletop, servingware and smallwares products have been honored with awards in Foodservice Equipment Reports’s 13th annual Smallwares & Tabletop Awards. Six judges—three operators and three dealer specialists—made the final selections during a judging session held Aug. 6 at Edward Don’s headquarters in Woodridge, Ill. More than 60 tabletop and smallwares manufacturers submitted entries for…
January 5, 2015
Peet’s Parent To Pay $374 Million For Einstein Noah
The competition in the breakfast market, the hottest segment in foodservice, continues to percolate. Einstein Noah Restaurant Group, whose bagel empire includes Einstein Bros. Bagels, Noah’s New York Bagels and Manhattan Bagel, announced Sept. 29 that it will be sold to JAB Holding Co. for about $374 million. JAB, a German conglomerate formerly called Joh….
January 5, 2015
Server Hires Quality Control Director
Server Products has added quality control expert Jodi McMahon to its operations. As the manufacturer’s new director-quality and business improvement, McMahon will lead Server’s ongoing initiatives to maintain and improve quality and utilize best practices. McMahon brings 20 years of experience in quality management to the post; she most recently served as quality and productivity…
January 5, 2015
MAFSI Reps Forecast 4.9% Sales Growth For 2014
Manufacturers’ reps expect sales of foodservice equipment and supplies to increase 4.9% this year in the U.S. and Canada compared with 2013, according to a new expanded Market Forecast Report released by the Manufacturers’ Agents Association for the Foodservice Industry. It’s the strongest annual gain forecast by the reps since the MAFSI Barometer—the group’s trending…
January 5, 2015
Strong Fourth Quarter Boosts Annual Gains For Public E&S Companies
Revenues jumped significantly for most of the publicly reporting equipment and supplies companies in the fourth quarter 2013, pushing annual sales higher for the full year. The numbers are compiled by John Muldowney, a marketing executive at the Boelter Cos., exclusively for Foodservice Equipment Reports. Four of the five equipment-oriented companies and both supplies-oriented companies…
January 5, 2015
Economic Recap: Food Prices Surge, State Tax Receipts Fall
Among other economic news of relevance to foodservice and the foodservice equipment industry: Food prices rose again in April at both the wholesale and retail levels. Wholesale food prices at the final demand level surged 2.7% in April, according to the Bureau of Labor Statistics. Prices also rose strongly at the intermediate stages of demand….
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