The Middleby Corporation Reports Third Quarter Results
01.01.70
, A leading worldwide
manufacturer of restaurant and foodservice cooking equipment, today
reported net
sales and earnings for the third
quarter ended October 1,
2011. Net earnings for the third quarter were $23,461,000 or $1.26 per
share on net sales of $218,720,000 as compared to the prior year third
quarter net earnings of $20,602,000 or $1.13 per share on net sales of
$177,793,000.
2011 Third Quarter Financial Highlights
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The third quarter financial statements include the results of the
recently completed acquisitions of Danfotech Inc. ("Danfotech"), a
manufacturer of meat presses and defrosting equipment for the food
processing industry acquired on July 5, 2011, Maurer-Atmos ("Maurer"),
a manufacturer of batch and continuous ovens for the food processing
industry acquired on July 22, 2011 and Auto-Bake Proprietary Limited
("Auto-Bake"), a manufacturer of automated baking ovens for the food
processing industry acquired on August 1, 2011. Results from these
recent acquisitions reduced net earnings by $0.8 million or $0.04 per
share during the quarter.
Source: MarketWatch (press release)
Coating equipment partnership offer new technology
01.01.70
Heat and Control and Food Process Systems (FPS) formed the partnership with an aim of designing and marketing a new technology for the application of batter, breading and coatings for some food products across the sector.
FPS, which designs and develops applicators for all types of food coatings, said it teamed up with Heat and Control to make its applications more “available to a broader range of food processers.”
Heat and Control is a manufacturer and supplier of food processing machinery systems
FPS bring over 20 years of experience in food processing solution design and building to the partnership, which benefits from Heat and Control’s globally recognised expertise in the food production and packaging equipment manufacturing sector.
“Elimination of augers”
A new FPS coating applicator from Heat and Control, which has been built to meet US Department of Agriculture (USDA) and Wisconsin Dairy Association hygiene standards, were designed to continuously apply flour, cracker meal, any style of crumb, sugar spices and coconut to food products.
Source: FoodProductionDaily.com