Monisha Dabek previously was company’s CCO.

Dutch Gold Honey invented the squeezable plastic honey bear container.

Vitelli Foods also sells tomato-based products.

Sees improved reliability, innovation as keys.

Transaction also includes a manufacturing plant in Chicago.

Net sales dip 1%.

Move creates two entities, including Middleby RemainCo and Middleby Food Processing.

Layoffs to begin at Liberty, NY, facility in May.

Expanded distribution, innovation part of strategy.

Transaction was first announced in January.