2022: Acquisition by MIDDLEBY Corporation
On June 29, 2022 Stefano Ballotti signed the contract by which he sold Proxaut, it means the 100% he owned
The mission of Middleby is in fact making concrete business, doing investments in industrial growing and innovation, not just making money. The official announcement to all staff took place on June 30, 2022. In this special occasion, Mr. Agustin Zufia, Vice President for Finance at Bilbao-based Middleby Worldwide, also took part and spoke. He promptly reassured all those present of the good intentions behind the acquisition: commercial growth and industrial development. Mr. Zufia also described the Middleby Group: an historical group founded in 1888 which now is world leader in the supply of equipment for professional and private kitchens, chosen by the best chefs in the world. Headquartered in the United States and employing more than 10,000 people worldwide in over 100 countries, Middleby is a publicly listed company (NASDAQ: MIDD) and consists of more than 100 brands. In 2022 it was named the world's best employer by the authoritative magazine Forbes.Forbes.