The foodservice equipment company Middleby Corporation has announced the acquisition of the Sveba Dahlen Group, which develops and manufactures ovens and baking equipment for the commercial foodservice and industrial baking industries.

The company, headquartered in Sweden, markets its products under three leading brands, Sveba Dahlen, Glimek, and Bear Varimixer. The combined group has approximately USD60m in annual sales.

“This acquisition adds several highly-respected, industry-leading, brands to our portfolio. Sveba Dahlen is a leader in bakery ovens for restaurant, hotel, retail and institutional customers, Glimek is a leader in high capacity bakery systems for industrial bakeries, and Bear Varimixer is recognized as one of the most reputable brands of mixer equipment worldwide,” said Selim A. Bassoul, chairman and CEO of the Middleby Corporation.

“This acquisition significantly strengthens Middleby’s position in the bakery category and provides for increased growth opportunities in the retail market. Additionally, the acquired business is well-positioned to benefit from the continuing trend of on-premise baking in the commercial foodservice industry. We anticipate that the combination will provide for new growth opportunities for the Sveba Dahlen Group by leveraging Middleby’s existing customer relationships and international sales network. We also are excited about opportunities to accelerate new product development through sharing of technologies and innovations with our existing businesses,” added Bassoul. 

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