The Middleby Corp. received the Emerging Growth Award by the Association for Corporate Growth Chicago chapter, the professional organization for corporate growth, corporate development, and acquisitions. The annual award is given to a company with revenues of US$500 million dollars or less that has demonstrated consistent growth in income, profit, and shareholder value.
The company, a commercial cooking equipment manufacturer, was chosen for its product innovation and exponential growth during the past several years. Since appointing Selim Bassoul CEO in 2000, Middleby has grown from a small manufacturer into an industry leader, sales have more than quadrupled, and the stock price has risen more than 1600%.
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