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MIDD Stock - Middleby Corp.


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The Middleby Corporation, headquartered in Elgin, Illinois, is a global leader in the design, manufacturing, distribution, and servicing of innovative foodservice, food processing, and residential kitchen equipment. Established in 1888 as Middleby Marshall Oven Company and rebranded as The Middleby Corporation in 1985, the company has expanded its footprint across the United States, Canada, Asia, Europe, the Middle East, and Latin America.

The company operates through three principal segments: Commercial Foodservice Equipment Group, Food Processing Equipment Group, and Residential Kitchen Equipment Group. The Commercial Foodservice Equipment Group specializes in a comprehensive range of equipment including ovens (conveyor, combi, convection), ranges, fryers, steam cooking systems, food warming solutions, and kitchen ventilation. Additionally, it offers innovative products such as countertop cooking equipment, ice machines, and IoT-enabled solutions for enhanced operational efficiency.

In the Food Processing Equipment Group, Middleby provides advanced solutions for batch processing, baking, frying, and thermal processing systems. Its offerings include food preparation equipment such as mixers, grinders, slicers, and forming equipment, catering to food producers in various segments including meat, bakery, and snack industries. The segment also delivers state-of-the-art food safety and packaging solutions to ensure product integrity and compliance with stringent industry standards.

The Residential Kitchen Equipment Group caters to homeowners with a portfolio encompassing cookers, dishwashers, microwaves, wine coolers, and outdoor kitchen appliances. This segment combines functionality with aesthetic appeal, offering innovative solutions that enhance culinary experiences at home. With a commitment to technological advancement and customer satisfaction, The Middleby Corporation continues to innovate and expand its global presence in the dynamic foodservice and kitchen equipment markets.

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Stock Sector: Manufacturing: Diversified Machinery

 

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