About This Deal
The Middleby Corporation acquired CVP Systems, Inc. for approximately $29.8 million, a transaction completed in June 2017, structured as combination (cash and stock).
CVP Systems, Inc. operates in Food Processing, is based in Downers Grove, Illinois. CVP Systems is a leading manufacturer of high-speed packaging systems for the meat processing industry, located in Downers Grove, Illinois. Consideration included $17.5 million in cash and Middleby common stock.
Extended food processing capabilities into meat packaging.
Deal Terms
Acquirer
The Middleby Corporation
Target
CVP Systems, Inc.
Value
Approximately $29.8 million
Date
June 2017
Type
Full acquisition
Status
Ready
Transaction Details
Target HQ
Downers Grove, Illinois
Segment
Food Processing
Structure
Combination (cash and stock)
Closed
June 30, 2017
Advisors
Advisory firms were not disclosed for this transaction.
Related Deals & Entities
Sources:
SEC filing ↗
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