Middleby To Buy U-Line - Quick Facts

(RTTNews) - Middleby Corp. (MIDD) announced an agreement to acquire the U-Line Corporation, an industry leader in the premium residential built-in modular ice making, refrigeration and wine preservation market. U-Line is headquartered in Milwaukee, WI. It has annual revenues of approximately $60 million.

Selim Bassoul, Chairman and CEO of Middleby, said: "U-Line has an outstanding reputation and provides a strong strategic addition to our growing residential platform. We are excited about the fourth quarter launch of a fully redesigned and expanded lineup of new products at U-Line and believe the company is well positioned for growth."