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Middleby Purchases Follett

The Middleby Corporation has acquired Follett Corporation, a manufacturer of ice machines, ice and water dispensing equipment, ice storage and transport products and medical-grade refrigeration products for the foodservice and healthcare industries. Headquartered in Easton, Pa., Follett has approximately $140 million in annual revenues, according to a Middleby release announcing the deal.

"Follett is a strategic fit with our growing beverage platform, complementing existing Middleby brands in a number of domestic and international market niches, and providing for opportunities to offer combined beverage and ice solutions," said Selim A. Bassoul, chairman and CEO of The Middleby Corporation.