US-based foodservice equipment firm The Middleby Corporation has acquired CP Packaging, a company that develops high-speed vacuum packaging equipment.
Based in Appleton, Wisconsin, CP Packaging provides technological solutions for the packaging industry with a special focus on the food industry.
The company developed the VisionPak HFFS machine and was the first in the industry to use advanced adhesive technology to build machine frames.
Founded in 2003, CP Packaging expanded its VisionPak by offering various models, including VP125 and VP190, over the past decade. It also introduced the mid-range VP110-CS to market in 2016.
In addition, the company claims to have pioneered the patented use of belts to transport film through the machine instead of traditional chains.
CP Packaging aims to offer ‘state-of-the-art’ equipment that meets customers’ needs while adhering to ‘world-class’ safety and sanitation standards.
The company registers annual sales of approximately $15m.
The acquisition is intended to allow Middleby to better serve its customers with integrated full-line solutions, as well as add more packaging equipment offerings to its food processing portfolio.
The financial terms of the transaction have not been disclosed.
Middleby CEO Tim FitzGerald said: “CP Packaging is a leading innovator of horizontal form-fill and seal thermoforming equipment.
“The CP Packaging systems provide customers with industry-leading sanitation, faster production throughput and reduced operating costs.
“There are meaningful synergies amongst our packaging brands and our food processing platform, as we leverage our long-standing customer relationships, established global distribution and manufacturing capabilities.”
Middleby develops and manufactures a wide range of solutions for various markets, including commercial foodservice, food processing and residential kitchens.
The company owns and operates Middleby Innovation Kitchens, a shared-use commercial kitchen that exhibits and demonstrates Middleby’s latest solutions.
Earlier this year, Middleby received a World’s Best Employer award from Forbes.