Ice and refrigeration company will be ‘highly complementary’ to Middleby’s portfolio
Investment banker Harris Williams & Co., has announced the sale of Follett Corp., Easton, Pennsylvania, to The Middleby Corp., Elgin, Illinois. Follett is a designer and manufacturer of ice and medical-grade refrigeration products. Middleby develops, manufactures, markets, and services a broad line of equipment used in the commercial foodservice, food processing, and residential kitchen equipment industries.
“It has been a privilege working with Steve Follett and the management team to find an ideal partner for their company,” said Patrick McNulty, a managing director in Harris Williams & Co.’s Industrials Group. “We are very proud to be a part of this tremendous outcome for Follett and we look forward to following the company’s continued success.”