FX.co ★ Middleby Buys Gorreri Food Processing Technology

Middleby Corp. (MIDD) announced on Tuesday that it has acquired Gorreri Food Processing Technology, an Italian company specializing in equipment for the baked goods sector. The specifics of the financial transaction have not been made public. This acquisition is anticipated to enhance Middleby's product lineup in the cake and dessert market segments and to expand its range of complementary products within its food processing division. At present, Middleby's shares are being traded at $144.05 on the Nasdaq, representing a decline of 1.99 percent.