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FMP Bought by Diversified Foodservice Supply Inc.

Parts distributor now part of the same portfolio as AllPoints.

Franklin Machine Products, Inc. has been purchased by Diversified Foodservice Supply, Inc., an organization focused on the distribution of foodservice parts. Terms of the deal were not disclosed. FMP will continue to operate as a standalone brand, similar to other DFSI companies like AllPoints Foodservice Parts and Supplies.

FMP President Joe Grato and chief operating officer Mike Conte, will continue in executive leadership positions with the company and will become shareholders in DFSI. In addition, Grato will join the Board of Directors for DFS.

"Our customers will benefit through significant scale advantages in geographic coverage, product expansion, and purchasing synergies," Grato said in a press release.