Middleby Completes Sale of 51% Stake in Residential Kitchen Business to 26North

Reuters

Feb 03

Middleby Completes Sale of 51% Stake in Residential Kitchen Business to 26North

The Middleby Corporation has completed the sale of a 51% stake in its Residential Kitchen business to an affiliate of 26North Partners LP. This move marks the first step in Middleby's transformation into a company focused solely on commercial foodservice equipment. The transaction, together with the planned spin-off of Middleby's Food Processing business, follows a strategic portfolio review and is intended to position the company for higher growth, enhanced margins, and improved operational focus. Middleby received $540 million in cash proceeds from the sale, with the company highlighting ongoing efforts to invest in organic growth and return capital to shareholders.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Middleby Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260202491006) on February 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The Middleby Corporat","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2211817866.USD":"Allianz Food Security AT Acc USD","BK4161":"工业机械","MIDD":"The Middleby Corporation","LU1878469433.USD":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC","LU1721429741.USD":"BNP PARIBAS SMART FOOD \"CRH\" (USD) INC","LU1721429402.USD":"BNP PARIBAS SMART FOOD \"C\" (USD) ACC"},"translate_title":"Middleby完成向26North出售住宅厨房业务51%的股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MIDD":0.9},"content_text":"Middleby Completes Sale of 51% Stake in Residential Kitchen Business to 26North\n    \n\nThe Middleby Corporation has completed the sale of a 51% stake in its Residential Kitchen business to an affiliate of 26North Partners LP. This move marks the first step in Middleby's transformation into a company focused solely on commercial foodservice equipment. 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