Deal Details
Middleby Completes Spin-Off of Midera
Summary
The Middleby Corporation (“Middleby” or the “Company”) (NASDAQ: MIDD) announced that it has completed the previously announced spin-off of its Food Processing business, now operating as Midera Food Processing, Inc. (“Midera”). Midera is trading on the NASDAQ with the ticker symbol MFP.
Baird acted as a financial advisor to Middleby on this transaction.
About
Middleby is a global leader in commercial foodservice solutions. The Company’s well-known brands develop and manufacture a broad portfolio of innovative products for commercial kitchens worldwide. Middleby serves a diverse customer base with equipment and technology offerings that include cooking, warming, beverage, ice and IoT while showcasing its advanced foodservice solutions in five state-of-the-art Middleby Innovation Kitchens across North America and Europe. Middleby is headquartered in Elgin, Illinois.Midera provides food processing equipment and automation solutions for industrial protein, bakery and snack producers, delivering total line solutions from preparation and thermal processing through packaging. With a portfolio of 30+ industry-leading brands reaching customers across six continents, Midera helps food processors produce safer, more consistent products while improving efficiency and reducing waste at scale. Midera is headquartered in Rosemont, Illinois.
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- Date
- July 2026
- Company
- The Middleby Corporation
- Transaction
- Other Advisory
- Sectors
- Industrial
- Verticals
-
Industrial Equipment
- Target Geography
- North America
- Acquiror Geography
- North America
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