AeriTek Global Holdings LLC acquired Federal Industries from Standex Industries. Terms of the deal were not disclosed.
Wisconsin-based Federal Industries manufactures refrigerated, heated and ambient food and beverage merchandising display cases for the foodservice operators spanning a variety of segments. A portfolio company of private equity firm Mill Point Capital, AeriTek’s manufactures products made under the Imbera, Torrey, QBD and Minus Forty brand names. The two organizations’ product lines are viewed as complementary to one another.
“Federal’s deep relationships with U.S. foodservice dealers and distributors, combined with its vertically integrated manufacturing facility in Wisconsin, give us both the commercial reach and domestic production capacity we need to accelerate growth in the U.S. market,” said Antony Besso, chief executive officer and executive chairman of AeriTek. “This acquisition is a natural extension of our platform and we look forward to building on this momentum.”



