KO Client SBT Secures Investment from Middleby Corporation
- KO Firm
- February 27, 2023
KO client Sustainable Beverage Technologies (SBT), a growth-oriented company focused on reimagining the beer marketspace through revolutionary technological innovations, recently entered into a strategic and investment partnership with Middleby Corporation, a global leader in the food service industry.
SBT develops technologically advanced brewing and dispensing applications, including BrewVo® patented technology, and NexDraft®, a revolutionary new tap system that uses multi-brewed beer without kegs. Through this partnership, Middleby will manufacture the NexDraft dispensing system in cooperation with SBT.
In the press release, SBT’s CEO Gary Tickle says, “We are excited to work with Middleby as a key strategic partner. Our passion is bringing global, award-winning beer to consumers in a sustainable way through our patented technology. Middleby is a strong, highly respected partner with their own beverage innovation, which will enable us to take our BrewVo and NexDraft innovation to a broader global market.”
KO partner Jon Taylor and attorney Ryan Sykora represented SBT in the investment. Read more in Craft Brewing Business and in the press release.