Middleby to Sell 51% Stake in Residential Kitchen Business to 26North in Transaction Valuing the Business at $885 Million
MIDDELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (“Middleby”) (NASDAQ: MIDD) today announced entry into a definitive agreement under which it will sell a 51% stake in its Residential Kitchen business to affiliates of 26North Partners LP (“26North”) in a transaction valuing Residential Kitchen at $885 million. Following this transaction, Middleby will own a 49% non-controlling interest in a new standalone joint venture holding the Residential Kitchen business, while receiving upfront cash
Middleby Acquires Oka-Spezialmaschinenfabrik GmbH & Co. KG
MIDDELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment solutions for commercial foodservice, food processing, and residential kitchens, today announced the acquisition of Oka-Spezialmaschinenfabrik GmbH & Co. KG (Oka), expanding its portfolio of Middleby Food Processing equipment innovations. Oka is a leading designer and manufacturer of industrial extrusion, molding, depositing and cutting industrial production equipment in bake
The Middleby Corporation Reports Second Quarter Results
MIDDELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD), a leading worldwide manufacturer of equipment for the commercial foodservice, food processing, and residential kitchen industries, today reported net earnings for the second quarter of 2025. Tim FitzGerald, CEO of The Middleby Corporation said, “Our second quarter results reflect the economic uncertainty our customers continue to navigate in key end markets. Despite these headwinds, I’m proud of our team’s continued executio
Peering Into Middleby's Recent Short Interest
MIDDBreaking Down Middleby: 6 Analysts Share Their Views
MIDDCanaccord Genuity Maintains Buy on Middleby, Lowers Price Target to $186
MIDDBaird Maintains Outperform on Middleby, Lowers Price Target to $162
MIDDMiddleby Projects Up To $200M Annual Tariff Hit, Says Cost Pressures Will Be Fully Offset By Year-End
MIDDMiddleby Q1 Adj. EPS $2.08 Beats $1.96 Estimate, Sales $906.63M Miss $941.45M Estimate
MIDDA Glimpse of Middleby's Earnings Potential
MIDDKeybanc Maintains Overweight on Middleby, Lowers Price Target to $175
MIDDCanaccord Genuity Maintains Buy on Middleby, Raises Price Target to $200
MIDDJP Morgan Maintains Underweight on Middleby, Raises Price Target to $150
MIDDDeep Dive Into Middleby Stock: Analyst Perspectives (7 Ratings)
MIDDBarclays Maintains Overweight on Middleby, Raises Price Target to $180
MIDDMiddleby To Spin Off Food Processing Unit, Forming Independent Food Processing And Kitchen Equipment Leaders
MIDDMiddleby Q4 2024 Adj EPS $2.88 Beats $2.55 Estimate, Sales $1.01B Beat $998.00M Estimate
MIDDCanaccord Genuity Maintains Buy on Middleby, Maintains $155 Price Target
MIDDMiddleby Acquires JC Ford, Leader In Chip And Tortilla Production Systems And Has $70M In Annual Revenues; Financial Terms Of Transaction Not Disclosed
MIDDCanaccord Genuity Maintains Buy on Middleby, Lowers Price Target to $155
MIDDJP Morgan Downgrades Middleby to Underweight, Lowers Price Target to $118
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