MMidera Food Processing provides complete, integrated food processing and packaging systems for high-volume industrial producers. Its offerings cover every step from raw material preparation to final packaging, using technologies for grinding, slicing, emulsification, mixing, cooking, smoking, chilling, and packaging, including form-fill-seal and MAP packaging to extend shelf life. The company differentiates itself as a focused, technology-driven standalone entity formed from The Middleby Corporation’s brands, delivering turnkey, total-line solutions rather than fragmented equipment from many vendors. Its goal is to operate as a public company serving industrial food producers worldwide, supported by financing to fund operations and future acquisitions.
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Industries
Company Size
51-200
Company Stage
IPO
Headquarters
Elk Grove Village, IL
Founded
1888
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Total Funding
$1B
Above
Industry Average
Funded Over
1 Rounds
Midera Food Processing (Nasdaq: MFP) has acquired Phoenix Innovations, an Arkansas maker of poultry processing equipment. It is Midera's first acquisition as an independent public company. Based in Russellville, Phoenix has an annual revenue run rate of about $25 million. It specialises in needle injection, marination, tumbling, and thermal processing equipment. The deal helps Midera offer complete processing lines to poultry clients, one of its fastest-growing categories. Chief executive officer Mark Salman said Phoenix's trusted industry relationships make it "a compelling addition to our platform." Midera says it has a deep pipeline of targets and a strong balance sheet, and expects to stay an active acquirer in the fragmented food processing equipment market. It has completed more than 30 acquisitions since 2005.
Leading global pure-play food processing technology platform with proven total line solutions, 30+ established brands and a differentiated growth strategy ...
The Middleby Corporation (NASDAQ: MIDD) announced that Midera Food Processing, Inc., its food processing unit set to be spun off, has entered into a five-year, $1.0 billion...
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Industries
Company Size
51-200
Company Stage
IPO
Headquarters
Elk Grove Village, IL
Founded
1888
Find jobs on Simplify and start your career today
We update Midera's jobs every few hours, so check again soon!Browse all jobs