Richard Perlman, chairman, and Jim Price, president, commented, "We believe Middleby's manufacturing and operational expertise, global reach, and installed customer base matches up extraordinarily well with TurboChef."
TurboChef recently reported its financial results for the three and six months ended June 30, 2008.
Second quarter 2008 revenue was $21.2 million, an 8 percent decrease from the year-ago quarter revenue of $23.0 million, reflecting a difficult external economic environment. According to the company's financial release: "A number of customers have pushed out their orders reflecting concerns about their own business results, prospects, and credit conditions which are slowing the opening of new stores."
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