The Middleby Corporation announced a plan to separate Middleby’s Food Processing Business. The transaction, expected to be ...

Middleby exceeded expectations for Q4 2024 with robust earnings and strategic growth initiatives, despite challenges in specific segments.

ELGIN, ILL. – The Middleby Corp. announced on Feb. 25 that it plans split part of its food processing business into a standalone public company. The spin-off is expected to be finalized by early 2026.

The kitchen-equipment maker is also refreshing its board with new directors after facing pressure from an activist investor.

Middleby demonstrated strong cash flow performance, generating record free cash flow of $229 million in Q4 and over $640 ...

Middleby Food Processing will enter the market with a portfolio of end-to-end solutions for industrial protein, bakery and snack processors. As a standalone company, Middleby Food Processing is ...

Commercial kitchen equipment maker Middleby said on Tuesday it will spin-off its food processing business, and appointed activist investor Ed Garden as an independent director.

The CEO also expressed expectations for Middleby RemainCo to extend its market leadership in commercial foodservice and residential kitchens. He emphasized the company's plan to capitalize on its ...