Leading restaurant kitchen equipment manufacturer The Middleby Corp. (MIDD) has integrated several acquisitions that appeared relatively expensive before cost and revenue synergies. These acquisitions have permitted the company to better leverage its distribution, sales force, manufacturing assets and technology. The acquisitions have also allowed Middleby to deliver more energy efficient professional equipment at superior value to its competitors.
From Ron Baron’s Baron Funds first quarter 2013 investor letter.
From Ron Baron’s Baron Funds first quarter 2013 investor letter.
