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Another Strong Quarter For Public E&S Companies

Written by The Ashton Report

Led by strong growth from Welbilt, Middleby and ITW’s Food Equipment Group, eight publicly reporting foodservice equipment and supplies companies saw combined growth of 12.1% for 4Q/18 versus the quarter in 2017. For all of 2018, sales were up 11.7%. Acquisitions, particularly Middleby’s acquisition of Taylor earlier in the year, goosed the numbers, but organic…

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