Midera Food Processing Acquires Phoenix Innovations
Midera Food Processing acquired Phoenix Innovations, a Russellville, Arkansas-based designer and builder of poultry processing equipment running at roughly $25 million in annual revenue. This is Midera's first acquisition since becoming an independent public company via its spin-off from The Middleby Corporation, and it strengthens the company's total line solutions offering in poultry, one of its fastest-growing categories.
Key figures
- Deal Value Usd
- 0
- Acquirer employees
- approximately 2,800
- Prior acquisitions since 2005
- 30-plus
- Target annual revenue run rate
- $25 million
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