Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Middleby Acquires Viking Range

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Middleby (Nasdaq: MIDD  ) has acquired kitchen equipment maker Viking Range, it announced in an official press release. The price was $300 million in cash.

The privately held Viking Range is headquartered in Mississippi, and specializes in the manufacture of high-end cooking ranges for the residential market, as well as ovens and various kitchen appliances. 

Middleby's statement quoted its CEO Selim Bassoul as saying of the purchase that it "allows us to integrate our own patented technologies that will have a huge appeal to consumers for their residential kitchens."

According to Middleby, Viking Range has roughly $200 million in annual revenues.

Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2174027, ~/Articles/ArticleHandler.aspx, 10/27/2016 11:08:35 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,201.63 2.30 0.01%
S&P 500 2,134.69 -4.74 -0.22%
NASD 5,238.38 -11.89 -0.23%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/27/2016 10:53 AM
MIDD $110.01 Down -1.15 -1.03%
Middleby CAPS Rating: *****