Another Strong Quarter For Public E&S Companies

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…