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Stock impact report

26North Completes Transaction for Majority Stake in Middleby's Residential Kitchen Unit and Rebrands the Business as Composition Brands [Yahoo! Finance]

The Middleby Corporation (MIDD) 
Last the middleby corporation earnings: 2/26 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
affiliates of 26North completed an acquisition of a controlling interest in Middleby's Residential Kitchen business. Middleby will retain a significant non-controlling ownership stake as part of the joint venture. Upon closing, the business has been rebranded as Composition Brands, marking its next chapter as an independent platform of iconic premium and ultra-luxury residential kitchen and outdoor living brands. Composition Brands is home to a curated collection of category-defining names, including Viking, AGA, Rangemaster, La Cornue, Lynx and U-Line. The new identity reflects a portfolio united by craftsmanship, thoughtful design and dependable performance, while preserving the individuality and heritage that have defined these brands for generations. "Alongside the management team and Middleby, we've started the work needed to ensure Composition reaches its full potential as a standalone company," said 26North Partner and Head of Private Equity Mark Weinberg. "Our focus is str Show less Read more
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