Food equipment manufacturer buys site for $1.3 million

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Food equipment manufacturer buys site for $1.3 million

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Globe.

Globe Food Equipment Co. paid $1.3 million for manufacturing property in Moraine recently.

The company bought the office and light manufacturing property at 2153 East River Road, Montgomery County property records show.

The building has more than 25,000 square feet of manufacturing space and nearly 2,500 square feet of office space.

Globe Food Equipment is based at 2153 Dryden Road. The company describes itself as a “provider of food preparation and cooking equipment for the food service industry.” The privately held company offers mixers and slicers, along with meat choppers, weighing systems, and gas and electric cooking equipment.

Mike Davis, development director for the city of Moraine, said the purchase may be a transfer to the company’s new owner.

Elgin, Ill.-based Middleby Corp. acquired Globe in October.

“We were informed the company and leadership were staying,” Davis said Monday.

Messages seeking comment were sent to Globe representatives.

The seller was Walloon Holdings LLC, and the transaction was recorded Jan. 2, according to county property records.

At the time of its acquisition, Middleby said Globe has about $50 million in annual sales.

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