May 6, 2010 (FinancialWire) — The Middleby Corp. (NASDAQ: MIDD) said it has entered into an agreement to acquire the net assets and operations of PerfectFry Co. Ltd., a manufacturer of ventless countertop frying units for the commercial foodservice industry.

Canada-based PerfectFry has around $4 million in annual sales, according to Middleby. The transaction is scheduled to close in June 2010 and Middleby said it will be financed under the firm’s senior revolving credit facility.

Middleby said that the acquisition is part of its effort to expand its portfolio of brands and technologies in the cooking and warming segments.

Illinois-based Middleby is engaged in the foodservice equipment industry. The company develops, manufactures, markets and services a line of equipment used for commercial food cooking, preparation and processing.

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