Middleby to Sell 51% Stake in Residential Kitchen Business to 26North in Transaction Valuing the Business at $885 Million
The Middleby Corporation (MIDD)
Last the middleby corporation earnings: 2/26 07:00 am
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Company Research
Source: Business Wire
Transforms Middleby into a Pure-Play Leader in Commercial Foodservice Equipment Following the Announced Spin-off of Food ProcessingApproximately $540 million of Cash Proceeds Available to Repurchase Shares and Optimize Capital Structure Ahead of Food Processing Spin-offTransaction is the Culmination of Middleby Board of Directors’ Strategic Review of Business Portfolio in Order to Maximize Shareholder ValueConference Call and Webcast to Discuss Announcement at 8:30 a.m. Eastern Time Today ELGIN, 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 pro
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MIDD
News
- Middleby Appoints Christopher Hix To Board of DirectorsBusiness Wire
- 26North Completes Transaction for Majority Stake in Middleby's Residential Kitchen Unit and Rebrands the Business as Composition Brands [Yahoo! Finance]Yahoo! Finance
- Middleby Announces Completion of Transaction to Sell 51% Stake in Residential Kitchen Business to 26North [Yahoo! Finance]Yahoo! Finance
- 26North Completes Transaction for Majority Stake in Middleby’s Residential Kitchen Unit and Rebrands the Business as Composition BrandsBusiness Wire
- Middleby Announces Completion of Transaction to Sell 51% Stake in Residential Kitchen Business to 26NorthBusiness Wire
MIDD
Earnings
- 11/6/25 - Beat
MIDD
Sec Filings
- 2/4/26 - Form 3
- 2/4/26 - Form 8-K
- 2/2/26 - Form 8-K
- MIDD's page on the SEC website