Deutsche Beverage Technology

Canaccord Genuity advises Deutsche Beverage Technology in its acquisition by The Middleby Corporation (NASDAQ:MIDD)

Canaccord Genuity is pleased to announce that its client Deutsche Beverage Technology  (“Deutsche”) was acquired by The Middleby Corporation (“Middleby”) on February 28, 2020.

Based in Charlotte, NC, Deutsche is a technology leader in beverage and liquid processing, offering a wide variety of advanced solutions for beer, cold brew coffee, kombucha and other liquid extraction applications. The company is well-positioned in fast growing traditional beverage markets and emerging segments such as hemp and cannabis extraction with a differentiated technology and highly engineered products. Deutsche will be part of Middleby’s food processing portfolio of brands and will allow Middleby to expand its product offering to beverage producers seeking higher margin beverage programs.

Deutsche was a portfolio company of Third Century Investment Associates.

The Canaccord Genuity relationship team consisted of Morgan Ley, Isaiah Knouff, JP Michaud and Andrew Palios.