The Middleby Corporation has announced the acquisition of Marco Beverage Systems, a designer and manufacturer of innovative and energy-efficient beverage dispense solutions. Based in Dublin, Ireland, Marco has annual revenues of $30 million.
The acquisition represents an opportunity to support the growth of Marco’s products and global brand.
Management, activities, and contacts for Marco remain unchanged. Paul Stack remains managing director with the support of the existing management team and Drewry Pearson continues in a consultancy role.
The Middleby Corporation supplies equipment to the global foodservice, beverage and residential catering industry as well as food processing and bakery equipment. Middleby brings to Marco a host of opportunities to strengthen and extend Marco’s growth and development.
Middleby provides Marco with access to their Coffee Solutions Group, Consolidated Independent Rep Groups, inclusion in the Innovation Kitchens and exposure to chain accounts.
Marco’s operations in China will add to and extend Middleby’s manufacturing and sales teams and benefit from deeper supply chain and manufacturing technology.
Marco’s key trademark brand of innovative and solution-solving products will have access to the Middleby Group technology base and to increasingly essential Kitchen Connectivity.
Tim FitzGerald, Middleby chief executive said: “Marco is a leader in innovative beverage dispensing systems. This acquisition is highly complementary to our growing beverage portfolio, and the Marco product line further expands our offerings in coffee brewers, cold brew dispense, and a variety of hot, cold and sparkling water dispensers. Touchless and in-counter dispense technology is rapidly gaining popularity due to space and labor advantages, along with enhanced aesthetic features. Marco is well-positioned with solutions for these growing trends.”