Middleby Corporation Acquires Gorreri Food Processing Technology
Deal News | Nov 29, 2024 | Legal Community Italy
The Middleby Corporation, a Nasdaq-listed company specializing in commercial kitchen equipment, appliances, and industrial systems, has successfully acquired the entirety of Gorreri Food Processing Technology's share capital. Gorreri, known for producing equipment for the bakery industry, including tools for cakes, pies, muffins, and other confectionery solutions, sees its acquisition as a strategic move by Middleby to enhance its offerings in this sector. The Gorreri family was legally advised by Gianni & Origoni and financially advised by Errepidue Srl, while the legal assistance for Middleby was provided by Skadden, Arps, Slate, Meagher & Flom, and Orsingher Ortu Avvocati Associati.
Sectors
- Food Processing Equipment
- Legal Services
Geography
- United States – The Middleby Corporation, the acquiring company, is based in the United States and listed on Nasdaq.
- Italy – Gorreri Food Processing Technology, the target company, is based in Italy.
Industry
- Food Processing Equipment – The acquisition involves companies specializing in equipment manufacturing for the food processing industry, particularly bakery equipment.
- Legal Services – Several law firms have been involved in facilitating the legal aspects of the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| The Middleby Corporation | Acquirer | Company | A Nasdaq-listed company specializing in commercial kitchen equipment, appliances, and industrial systems. |
| Gorreri Food Processing Technology | Target Company | Company | An Italian company active in the production of equipment for the bakery industry. |
| Gianni & Origoni | Legal Advisor for Gorreri | Company | A legal firm that advised the Gorreri family in the acquisition process. |
| Errepidue Srl | Financial Advisor for Gorreri | Company | A financial advisory firm that assisted the Gorreri family. |
| Skadden, Arps, Slate, Meagher & Flom | Legal Advisor for Middleby | Company | A legal firm that provided legal assistance to The Middleby Corporation. |
| Orsingher Ortu Avvocati Associati | Legal Advisor for Middleby | Company | Another legal firm that provided legal assistance to The Middleby Corporation. |