Newly created segment designed to drive growth and leverage the company’s scale.
Multi-line foodservice equipment manufacturer Unified Brands is now part of parent company Dover Industries’ newly created Refrigeration and Food Equipment Segment. Unified Brands is 1 of 6 companies that comprise this segment, which had 2013 full-year revenue of approximately $1.9 billion. The other companies in Dover’s new Refrigeration and Food Equipment Segment include: Anthony, Belvac Production Machinery, Inc., Hillpheonix, SWEP and TIPPER TIE.
“Being a part of the newly realigned Refrigeration and Food Equipment segment allows us to capitalize on synergies and opportunities with the other industry-leading Dover operating companies in our group. Dover’s commitment to creating this newly formed segment further supports our growth initiatives within North America and emerging foodservice end-markets,” said Bill Strenglis, president, Unified Brands.
The formation of Dover’s Refrigeration and Food Equipment Group represents the latest in a series of strategic initiatives by the company to drive domestic and international growth and better leverage the company’s scale. Late last year, Unified Brands announced plans to relocate its corporate headquarters to the metropolitan Atlanta area from Mississippi. The new centralized headquarters will be home to Unified’s executive leadership team and its product culinary and training academy. Unified’s executive offices will occupy part of a new 500,000-square-foot facility shared with Hillphoenix.
Despite being part of the newly formed Dover segment, the way Unified Brands goes to market will remain the same, according to a company spokesperson.