Middleby acquires Char-Griller, expanding offerings for outdoor market
On December 29, 2021, Middleby has announced the addition of Char-Griller to its list of acquisitions for 2021. The deal comes as part of a greater initiative to expand the company through mergers and acquisitions led by CEO Tim Fitzgerald. Char-Griller’s catalog promises to add numerous outdoor offerings to Middleby’s product list. The company anticipates that these products, in conjunction with those added with the acquisitions of Kamado Joe and Masterbuilt, will satisfy the growing outdoor cooking market fueled by a rising number of “backyard cooking enthusiasts”.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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