Middleby Corp.
MIDDV
NASDAQ139.52
USD
+58.51
- -
Middleby Corp.
MIDDV
(NASDAQ)
Recent
price
139.52
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- The Middleby Corporation: design, manufacture, market, distribute and service a broad range of foodservice equipment and related solutions for commercial restaurants, food processing operations, and residential kitchens; products span commercial cooking and baking systems, ventilation and exhaust solutions, refrigeration and cold storage, dishwashing equipment, food preparation and packaging machinery, baking and roasting equipment, automation and IoT-enabled controls, as well as after-sales service and spare parts; the company operates through three segments, Commercial Foodservice Equipment Group, Food Processing Equipment Group, and Residential Kitchen Equipment, and serves global customers across hospitality, food retail, and industrial sectors. Founding year and headquarters Middleby is founded in 1920 and is headquartered in Elgin, Illinois; the firm maintains a global manufacturing footprint and a diversified portfolio of brands under a platform-like structure that preserves brand identities while leveraging a centralized supply chain and distribution network. Latest major company changes Middleby actively pursues strategic mergers and acquisitions to broaden its end-to-end kitchen ecosystems, with recent partnerships and technology acquisitions enhancing automation, IoT, and connected equipment capabilities; the company reports ongoing product launches that expand its portfolio in commercial kitchen automation, ventless cooking technology, and advanced temperature control systems; there are ongoing organizational refinements and regional expansions to support higher growth in Asia, the Middle East, Europe, and the Americas. Additional context Industry and segments The company operates in the kitchen equipment and food processing technology sector, serving commercial foodservice, industrial food processing, and residential appliance markets; target markets include large-scale chain operators, independent restaurants, food manufacturers, institutional kitchens, and high-end residential buyers; geographic operations span North America, Europe, Asia-Pacific, and other regions with local manufacturing and regional distribution networks; subsidiaries include a broad range of brand names within the three primary segments, with potential parent-subsidiary relationships and cross-brand collaboration.