Middleby Corporation completes acquisition of Gorreri Food Processing Technology to strengthen its product line
Nov 26, 2024•9 months ago
Acquiring Company
The Middleby Corporation
Acquired Company
Gorreri Food Processing Technology
Description
The Middleby Corporation has announced the acquisition of Gorreri Food Processing Technology, a leading manufacturer of equipment for the baked goods industry based outside Parma, Italy. This acquisition adds a broad line of complementary products to Middleby's food processing group, including turbo mixers, dosing, injecting, decorating, enrobing, and ultrasonic portioning solutions. The innovative end-to-end solutions from Gorreri significantly strengthen Middleby's current offerings in the cake and dessert categories, with meaningful growth synergies.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed