The Middleby Corp

What The Middleby Corp does

The Middleby Corporation (NASDAQ: MIDD), founded in 1883 and headquartered in Elgin, Illinois, is a global manufacturer of commercial foodservice equipment, food processing equipment, and (until February 2026) premium residential kitchen appliances. Following a major 2025-2026 restructuring, Middleby operates as a focused commercial foodservice equipment leader, having sold a 51% controlling interest in its Residential Kitchen business to 26North Partners (forming the Composition Brands JV) and announced the July 2026 spin-off of its Food Processing business as Midera Food Processing, Inc. (Nasdaq: MFP). The company sells through an exclusive independent dealer network complemented by a direct National Accounts team serving global QSR and chain restaurant customers, generating Q1 2026 revenue of $839.9M and full-year 2025 revenue of approximately $3.2B. Commercial foodservice accounts for 73% of revenue at 26-27% segment margins, with a stated path to 30%.

Middleby commercializes a portfolio of 110+ brands across commercial cooking (TurboChef ventless ovens, Blodgett combi ovens, Pitco fryers, Southbend ranges, Middleby Marshall conveyor ovens, EVO griddles), beverage (Marco Beverage, Wild Goose Filling, Deutsche Beverage, Middleby Coffee Solutions), ice and refrigeration (Follett, Icetro, Hoshizaki-adjacent offerings), food preparation (Globe slicers, Varimixer), and IoT (Powerhouse Dynamics platform). Underlying technology spans ventless cooking patents (EVent), robotic cooking automation (automatic pizza saucing), LongWave infrared conveyor oven technology, UVC air purification (Bluezone), proprietary water treatment (TERRY), oil management systems (Filtration Automation), and IoT connectivity enabling remote monitoring and predictive analytics. The Food Processing business being spun off serves industrial protein, bakery, and snack producers with brands including AutoBake, Maurer-Atmos, Alkar, Drake, and recent additions (Oka, Frigomeccanica, Gorreri, JC Ford, GBT GmbH Bakery Technology).

The company monetizes primarily through unit-priced equipment sales routed through dealers (quote-based pricing with starting prices ranging from $2,997 for fryers to $49,049+ for mixers), supplemented by aftermarket parts and service revenue (Middleby First Service, Middleby Advantage). The go-to-market combines channel partner distribution with enterprise field sales targeting QSR chains, convenience stores, hotels, hospitals, stadiums, and universities, with 40,000+ annual visitors to Middleby Innovation Kitchen demonstration centers in Dallas, Munich, and Madrid. Customer segments are organized vertically across Commercial Foodservice Operators, Industrial Food Processors (being separated into Midera), and Premium Residential/Outdoor Cooking (now Composition Brands JV), with 22+ manufacturing and office locations across North America, Europe, and the Asia-Pacific.

Name

The Middleby Corp

Legal name

The Middleby Corporation

Website

https://middleby.com

Company type

Public

Founded year

1883

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

The Middleby Corporation designs, manufactures, and sells commercial foodservice and food processing equipment through a global independent dealer network and direct National Accounts team. Following 2025-2026 restructuring, it operates as a focused commercial foodservice equipment leader serving QSR chains, restaurants, hotels, and industrial food producers worldwide.

Ownership category

akta.pro rank

Product category

Commercial Foodservice Equipment

NAICS

Commercial and Service Industry Machinery Manufacturing (333310), Major Household Appliance Manufacturing (335220), Household Appliances, Electric Housewares, and Consumer Electronics Merchant Wholesalers (42362)

SIC

Refrigeration & Service Industry Machinery (3580), General Industrial Machinery & Equipment (3560), Household Appliances (3630)

akta.pro primary industry

Commercial Cooking Equipment & Parts Wholesale (AFAIALAJ)

akta.pro secondary industries

Restaurant & Commercial Kitchen Equipment Wholesale (AFAIALAB), Food Preparation Equipment & Smallwares Wholesale (AFAIALAK)

Keywords

• Commercial foodservice equipment
• Industrial food processing equipment
• Commercial cooking equipment
• Ventless kitchen technology
• Foodservice automation solutions

Headquarters

HQ city

Elgin

HQ country

United States

HQ region

North America

Offices24 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Commercial Foodservice Equipment: Manufacture and sale of commercial cooking, refrigeration, beverage, and food preparation equipment through dealer network to restaurants, hotels, hospitals, and foodservice operators. Q4 2025 revenue: $602M. Full year 2024: $2.4B.
2. Food Processing Equipment: Industrial protein processing, bakery, and snack processing equipment serving industrial food producers. Revenue grew from $390M (2018) to $850M (2025). Segment being spun off as Midera Food Processing.
3. Residential Kitchen Equipment: Premium cooking, refrigeration, and outdoor living brands including Viking, AGA, La Cornue, Kamado Joe, and Lynx sold through specialty retailers and dealers. Sold 51% stake to 26North JV (Composition Brands) for ~$540M cash.
4. Aftermarket Parts and Service: Replacement parts, service support, and aftermarket revenue through dealer network and service organizations including Middleby First Service.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

The Middleby Corporation designs, manufactures, and sells commercial foodservice equipment, industrial food processing equipment, and (until early 2026) residential kitchen appliances through a portfolio of 110+ brands. Products include commercial cooking equipment (ovens, fryers, grills, ranges, broilers), refrigeration, beverage dispensing, ice machines, food preparation equipment, ventless cooking systems, and IoT-enabled kitchen solutions, sold to restaurants, hotels, hospitals, convenience stores, quick-service chains, and industrial food processors through an independent dealer network and direct national accounts team.

Product overview

The Middleby Corporation is a diversified manufacturer of commercial foodservice equipment, food processing equipment, and residential kitchen appliances. The company operates through multiple business segments: Commercial Foodservice (the largest segment at ~73% of revenue post-restructuring), Food Processing (being spun off as Midera Food Processing), and Residential Kitchen (49% stake held after 26North partnership). The Commercial Foodservice segment offers over 110 trusted brands including Taylor, TurboChef, Blodgett, Pitco, Southbend, Globe, Imperial, Star, Wells, Carter-Hoffmann, Follett, CookTek, EVO, Middleby Marshall, and QualServ. These brands collectively provide a comprehensive portfolio of commercial cooking equipment (fryers, ovens, grills, ranges, broilers, steam cooking, sous vide, toasters), commercial beverage equipment (coffee/espresso, beer dispensers, frozen beverages), commercial ice equipment, refrigeration/freezers, food preparation equipment (mixers, slicers, dough processing), food warming and holding equipment, ventless cooking solutions, robotic cooking automation, and air purification systems. The Food Processing segment (Midera) serves industrial protein, bakery, and snack producers with brands including AutoBake, Maurer-Atmos, Alkar, and Drake. The portfolio emphasizes innovation in automation, labor savings, and kitchen efficiency for restaurant chains, convenience stores, healthcare, hospitality, and industrial food processing operations worldwide.

Differentiator

Problem solved

Functional benefit

Brands

• Taylor: Commercial foodservice equipment including beverage and soft serve products
• TurboChef
• Blodgett
• Jade Range
• AutoBake
• Maurer
• Alkar
• Drake
• Viking
• AGA
• Rangemaster
• La Cornue
• Lynx
• U-Line
• Marvel
• Pitco
• Southbend
• Follett
• Star
• Imperial
• Globe
• Icetro
• Wells
• CookTek
• Carter-Hoffmann
• Middleby Marshall
• Middleby Beverage Group
• Middleby Ice Solutions
• QualServ

Products and services

• Taylor Commercial Foodservice Equipment
• TurboChef High-Speed Ovens
• Blodgett Commercial Ovens
• Pitco Commercial Fryers
• Commercial Cooking Equipment
• Commercial Beverage Equipment
• Commercial Ice Equipment
• Commercial Refrigeration and Freezers
• Food Preparation Equipment
• Ventless Cooking Equipment
• LongWave Infrared Conveyor Oven
• Powerhouse Dynamics IoT Platform
• TERRY Water Treatment Solutions
• Filtration Automation Oil Management Systems
• Bluezone UVC Air Purification Systems
• AutoBake Bakery Processing Equipment
• Alkar Industrial Food Processing Equipment
• Middleby Advantage and Middleby First Service

Quantifiable outcome

• Q1 2026 revenue of $839.9 million beating analyst estimates of $777.71 million by 8%
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Two partnerships are on record, tiered key and strategic.

• Amy CampbellkeyOthers · 6 January 2026Amy Campbell named CFO of Food Processing business ahead of Q2 2026 spin-off. Joins from prior CFO roles at REV Group and ASC Engineered Solutions with 23 years of experience at Caterpillar. Completes leadership team led by CEO Mark Salman.
• Jon Taffer / Taffer's TavernstrategicStrategic or Co-development Partner · 3 June 2020Exclusive partnership with Jon Taffer and Taffer's Tavern. Jon Taffer is award-winning hospitality mogul, best-selling author, and executive producer/host of Bar Rescue. Middleby provides exclusive equipment partnership for newly developed tavern concept.

Scale indicators15 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• Ali Group: Italian-owned global foodservice equipment manufacturer that competes directly with Middleby across cooking, refrigeration, beverage, and food preparation equipment. Ali Group operates a similar multi-brand portfolio model (e.g., Lainox, Hoshizaki-related, Scotsman) and was Middleby's most direct competitor before the Welbilt acquisition. Robert Nerbonne, a Middleby board member, was previously CEO of Ali Group North America.
• Welbilt (acquired by Middleby in 2021): Former standalone public competitor (ticker WBT) that Middleby acquired for $4.3B in 2021. Prior to the acquisition, Welbilt was Middleby's closest direct competitor with brands including Cleveland, Convotherm, Frymaster, Garland, Manitowoc Ice, and Merrychef serving the same commercial foodservice customer base.
• Hoshizaki Corporation: Japanese-headquartered commercial ice machine and refrigeration equipment manufacturer with a strong U.S. presence (Hoshizaki America). Hoshizaki competes directly with Middleby's Follett and Icetro ice brands and with Middleby Marshall's refrigeration offerings in the commercial foodservice channel.
• Manitowoc Company (now Welbilt Ice brands under Middleby): Former foodservice equipment manufacturer that split into Manitowoc Ice and a hotel-focused entity before much of its foodservice business became part of Welbilt (now owned by Middleby). Comparable in product categories including ice machines, cooking, and refrigeration equipment.
• John Bean Technologies (JBT): Public company providing food processing and air transport equipment. JBT's FoodTech segment competes with Middleby's Food Processing business (Midera) in protein processing, freezing, and packaging equipment for industrial food producers.
• Marel hf: Iceland-based global leader in food processing equipment for meat, poultry, fish, and dairy industries. Marel directly competes with Middleby's Midera Food Processing business in industrial protein processing and bakery/snack equipment worldwide.
• Rational AG: German premium combi oven manufacturer that competes with Middleby's Blodgett and TurboChef brands in high-speed and combi oven categories. April Shaw, now VP Combi Sales at Blodgett, previously held roles at Rational and Lainox Combi, illustrating direct competitive overlap in combi oven technology.

Broad incumbents

• Illinois Tool Works (ITW): Diversified industrial manufacturer with a Food Equipment segment that competes with Middleby in cooking, refrigeration, and food preparation equipment. ITW's scale and operating discipline make it a broad incumbent competitor with adjacent overlapping capabilities, though foodservice is only one segment of a much larger diversified business.
• GEA Group: German multinational engineering company specializing in food processing technology, refrigeration, and separation equipment. GEA competes with Middleby in industrial food processing equipment and is a broader incumbent with significantly larger scale in food processing machinery.
• Dover Corporation: Diversified industrial manufacturer with foodservice refrigeration exposure (including the former Hillphoenix and Anthony brands). Dover competes with Middleby's commercial refrigeration and ice portfolio as a broad industrial incumbent with multiple business segments beyond foodservice.

Market position

Strengths6 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCv61TyPJ8LVMrUWCBWbcf9g
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• LinkedInlinkedin.com/company/middleby-corporation
• Instagraminstagram.com/middlebycorporation
• Xx.com/middlebycooking

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries15 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A75 records

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Middleby Corp