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Stock impact report

26North and The Middleby Corporation Agree to Form $885 Million Partnership for Residential Kitchen, a Leading Collection of Premium Cooking, Refrigeration and Outdoor Living Brands

The Middleby Corporation (MIDD) 
Last the middleby corporation earnings: 2/26 07:00 am Check Earnings Report
Company Research Source: Business Wire
The Partnership Includes Storied Names such as Viking, AGA, Rangemaster, La Cornue, Lynx, U-Line, Kamado Joe and Masterbuilt NEW YORK--(BUSINESS WIRE)--26North Partners (“26North”) and The Middleby Corporation (“Middleby”) (NASDAQ: MIDD) today announced that affiliates of 26North have agreed to purchase a 51% controlling interest in Middleby’s Residential Kitchen business at a valuation of $885 million, creating a leading platform in premium cooking, refrigeration and outdoor living. Middleby will own a 49% non-controlling interest in the new standalone joint venture. The transaction highlights 26North’s flexible, solutions-oriented approach to corporate partnerships and carveouts.Residential Kitchen’s portfolio includes iconic, category-defining brands in Europe and the US, such as Viking, AGA, Rangemaster, La Cornue, Lynx, U-Line, Kamado Joe and Masterbuilt. These brands bring together performance, design and craftsmanship to make the kitchen the true heart of the home.“We are pr Show less Read more
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