Middleby Acquires Proxaut, Innovator of Industry-Leading Automation Solutions

June 29, 2022 Middleby

The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Proxaut, a leading manufacturer of Auto Guided Vehicles (AGVs) for the food industry and industrial processing companies. The company is based in Italy near Bologna with approximately $15 million USD in annual sales.

A Fresh Approach to Bakery Distribution

Keeping consumers supplied with fresh baked goods has been part of convenience store chain Kwik Trip’s recipe for success. At its stores, consumers can buy many types of fresh goods, including bakery items that are labor intensive to produce and distribute without significant automation.