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Home >> Viking Range Acquired By Middleby Corp.
ELGIN, ILL. — Premium cooking manufacturer Viking Range has been acquired by foodservice equipment maker The Middleby Corp., for $380 million.
Viking joins Middleby’s roster of home appliance brands including TurboChef, Jade and MagiKitch’n.
Middleby chairman/CEO Selim Bassoul said the cash deal will allow the company to integrate its own patented cooking technologies, including speed cooking, induction and “truvection,” into the Viking product line. He added that Middleby plans to further expand its home appliance platform through future acquisitions and new product introductions.
Viking, based in Greenwood, Miss., produces premium kitchen appliances, including cooking ranges, ovens, refrigerators and dishwashers, as well as outdoor grills and wine cellars. Annual revenue is about $200 million. Middleby, based here, develops, manufactures, markets and services a broad line of equipment used for commercial food cooking, preparation and processing.