The Middleby Corporation Acquires Lynx Grills

Leading Foodservice Equipment Distributor Announces Deal to Acquire Luxury Outdoor Kitchen and Grill Company

Dec 15, 2015, 19:27 ET from Lynx Grills

DOWNEY, Calif., Dec. 15, 2015 /PRNewswire/ -- The Middleby Corporation (Middleby) announced today that it has acquired the privately held Lynx Grills, Inc. (Lynx) from Century Park Capital Partners, LLC. Lynx Grills has been owned by Century Park Capital Partners, LLC since 2006. William Blair & Company, L.L.C. served as financial advisor to the Company in this transaction.

Since its launch in 1996, Lynx Grills, headquartered in Downey, CA, has set the standard for design, innovation and engineering excellence in luxury grills and custom outdoor kitchen products, launching the revolutionary SmartGrill, the world's first Wi-Fi enabled, voice-activated grill, to wide acclaim in 2015. Lynx's signature product offerings include the Professional Series of built-in and free-standing grills and the Sedona by Lynx line, introduced in 2013. The Sedona by Lynx line has a variety of complete island styles to match any backyard. Additional products within the Lynx Professional Series include the recently launched Napoli Pizza Oven and the flat cook top Asado Grill. Hallmark features of Lynx Grills include hand crafted construction, integrated illumination, hot surface ignition, heat stabilizer and ProSear™ technology.  In addition to luxury grills, the company's product line includes a Cocktail Pro cocktail station; outdoor refrigerator; outdoor ice machine, and wine cooler, among others, along with accessories such as towel dispenser, towel bar, griddle plate, sliding tank tray and custom covers.

Middleby is a publicly-traded company (NASDAQ: MIDD) with a history of acquiring and growing companies. Middleby develops, manufactures, sells, and distributes products, equipment, and appliances worldwide, with more than 50 foodservice and food processing brands across multiple platforms.

"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."

"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 Lynx and Sedona brands, which we believe can be further accelerated within the broader Middleby group."

About Lynx Grills

The creation of Lynx Grills was the vision of a group of people who for more than 30 years manufactured stainless steel products for the commercial restaurant industry under the brand BECA. Today, Lynx Grills uses the same engineering to create grills that are made to last with a lifetime warranty against rust– even under the most extreme weather conditions. With continuous innovation a hallmark of the company, Lynx's design engineers have continually introduced a long list of "firsts" to the industry, such as the SmartGrill, a technologically advanced, voice-activated, WiFi-enabled grill that can be programmed from a smart phone. Lynx also produces the first ever ADA compliant grill for individuals with disabilities. For more information, please visit www.lynxgrills.com.

About The Middleby Corporation

The Middleby Corporation is a global leader in the foodservice equipment industry. The company develops, manufactures, markets and services a broad line of equipment used in the commercial foodservice, food processing, and residential kitchen equipment industries. The company's leading equipment brands serving the commercial foodservice industry include Anets®, Beech®, Blodgett®, Blodgett Combi®, Blodgett  Range®, Bloomfield®, Britannia®, Carter-Hoffmann®, Celfrost®, Concordia®, CookTek®, CTX®, Doyon®, frifri®, Giga®, Holman®, Houno®, IMC®, Jade®, lang®, Uncat®, MagiKitch'n®, Market  Forge®, Middleby Marshall®, MPC©, Niece®, Nu-Vu@, PerfectFry®, Pitco Frialator®, Southbend®, Star®, Toastmaster®, TurboChef®, Viking®, Wells®  and Wunder-Bar@. The company's leading equipment  brands serving the  food processing industry include Alkar®, Armor Inox®, Auto-Bake®, Baker Thermal  Solutions®, Cozzini®, Danfotech®, Drake®, Maurer-Atmos®, MP Equipment®, Processing Equipment Solutions®, RapidPak®, Spooner Vicars® and Stewart  Systems®. The company's leading equipment brands serving the residential kitchen industry include Brigade®, Jade®, TurboChef®  and Viking®. For more information about The Middleby Corporation and the company brands, please visit www.middleby.com.

Media Contacts for Lynx Grills Daniel Chin, 562.299.6926, dchin@lynxgrills.com  Murphy O'Brien Public Relations Wendi Shapiro, 310.586.7116 lynx@murphyobrien.com      

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SOURCE Lynx Grills



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