JC Ford

Hexagon Capital Alliance LLC (“HCA”) advises JC Ford on its Sale to Middleby Corporation (NasdaqGS: MIDD)

The Middleby Corporation (“Middleby”) has acquired 100% of the equity of JC Ford, a leading manufacturer of tortilla production equipment systems. Founded in 1945, the company is based in Columbia, Tennessee offering a broad range of automated, full-line solutions for corn and flour tortillas, tortilla chips, and other corn-based snacks. In 2021, the company moved into a state-of-the-art, 132,000-square-foot production facility near Nashville. The consistent increase in consumer demand for tortilla products has made it one of the fastest growing baked food segments both in the U.S. and abroad.

“The Hexagon team did an excellent job.  They helped us get prepared for a sale process that led to a great deal with Middleby, a powerhouse in the foodservice equipment industry. The shareholders of JC Ford were grateful to have Hexagon in our corner to negotiate and assist management throughout the due diligence process.” said Scott Ruhe, CEO and owner of JC Ford.

Tim Fitzgerald, Middleby CEO, said “We have targeted the snack food category as an attractive growing market for our Food Processing Group. The acquisition of JC Ford complements our existing product offerings, significantly strengthening our presence in this fast-growing category. The company has developed innovative solutions that have been quickly accepted as the industry standard, allowing customers to automate production lines with a low cost of ownership. JC Ford has highly recognizable customers with a strong base of recurring revenue,”

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.

For additional information, please contact:

Rich Anderson, Managing Director- [email protected]