Middleby Corp (NASDAQ:MIDD) has acquired privately-held Lynx Grills, Inc., a manufacturer of premium residential outdoor equipment, from Century Park Capital Partners, LLC.
“Lynx is well known for its innovative features, unique design, and professional quality. The company has many exclusive products and one-of-a-kind features which position it as a leader in the outdoor cooking category,” said Selim A. Bassoul, chairman and CEO of The Middleby Corporation. “Lynx is a highly complementary fit with our growing portfolio of premium residential brands. We are excited about the continued growth opportunities of the Lynx and Sedona brands, which we believe can be further enhanced within the broader Middleby group.”
“We are extremely pleased to partner with The Middleby Corporation, and join forces with some of the finest consumer brands out in the market today,” says James Buch, CEO of Lynx Grills. “Lynx will only continue in our mission to deliver top quality, hand crafted outdoor kitchen products.”
The Lynx product offerings include the Professional Series of built-in and free-standing grills and the Sedona by Lynx line. Lynx features a variety of complete island styles to match any backyard. Hallmark features of Lynx Grills include hand crafted construction, integrated illumination, hot surface ignition, heat stabilizer and the Trident ProSear technology. ProSear allows for precise grill temperature control to cook a variety of foods at different temperatures at the same time. Recent product introductions within the Lynx Professional Series include the Napoli Pizza Oven and the flat cook top Asado Grill. Another technology innovation, the Lynx “Smart Grill”, introduced in 2015, is user voice-activated, while the grill has voice response and the cooking process can be controlled via an app. Lynx Grills, which sells products under the Lynx and Sedona brands, has approximately $50 million in annual revenues. The company, founded in 1996, will continue operations and manufacturing from its Downey, Calif. headquarters.
Middleby designs, manufactures, markets, distributes, and services commercial foodservice and food processing, and residential kitchen equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. The company was formerly known as Middleby Marshall Oven Company and changed its name to The Middleby Corporation in 1985. Middleby was founded in 1888 and is based in Elgin, Illinois. The company has a market capitalization of $6.25 billion.