Midera Food Processing Acquires Phoenix Innovations
Globe Newswire•23/10/2026•08:30 ET
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Key Highlights
- ➤Midera acquired Phoenix Innovations, its first acquisition as an independent public company
- ➤Phoenix Innovations generates approximately $25 million annual revenue run rate
- ➤Acquisition expands Midera’s poultry processing line solutions and aftermarket service capabilities
- ➤Midera cites a pipeline of targets and plans to remain an active acquirer
Expert Statements
Mark Salman, Chief Executive Officer of Midera Food Processing
“This acquisition aligns with our vision to continue to lead the future of food production automation around the globe”
Mark Salman, Chief Executive Officer of Midera Food Processing
“The leadership team at Phoenix Innovations has earned trusted relationships throughout the poultry industry by consistently solving complex processing challenges.”
Mark Salman, Chief Executive Officer of Midera Food Processing
“That reputation, combined with their product capabilities, makes them a compelling addition to our platform.”
Mark Salman, Chief Executive Officer of Midera Food Processing
“We see a clear path to accelerate value creation through our total line solutions approach, leveraging the expertise and capabilities across our 30-plus brands and global service network.”
Expands total line solutions capabilities in poultry, a strategic priority with sustained growth momentum
Represents Midera’s first acquisition as an independent public company
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