Midera Food Processing Acquires Phoenix Innovations
Midera Food Processing (MFP) acquired Phoenix Innovations, a poultry processing equipment company, to expand its total line solutions capabilities. Phoenix operates at an annual revenue run rate of approximately $50 million. This is Midera's first acquisition as an independent public company and aligns with its strategy to grow in the high-demand poultry market. The deal aims to strengthen Midera's market penetration and aftermarket service capabilities.
