MIDDLEBY Corp

The Middleby Corporation designs, manufactures, markets, distributes, and services foodservice equipment and food processing equipment. Founded in 1888 as a baking oven manufacturer, the company, through its operating subsidiary Middleby Marshall Inc. and its subsidiaries, provides foodservice equipment, integrated IoT solutions, and universal controllers for commercial restaurants and institutional kitchens. It also offers food preparation, cooking, baking, chilling, and packaging equipment for food processing operations. The company became The Middleby Corporation in 1985 after TMC Industries Ltd. acquired Middleby Marshall Oven Company in 1983 and changed its name. Middleby has grown by acquiring industry-leading brands and introducing innovative products. On December 4, 2025, the company agreed to sell a 51% stake in its Residential Kitchen Equipment Group to an affiliate of 26North Partners LP, valuing the business at $885 million. This transaction closed on February 2, 2026, resulting in Middleby owning a 49% non-controlling interest in a new standalone joint venture. The company received approximately $565 million in net cash proceeds and a $135 million promissory note from the joint venture. The Residential Kitchen Equipment Group's results are now reported as discontinued operations.