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OFFON

THE MIDDLEBY CORPORATION

(MIDD)
  Report
Delayed Quote. Delayed Nasdaq - 10/15 04:00:00 pm
172.18 USD   +0.54%
10/14MIDDLEBY : Earns Ranking on Forbes Wo...
PU
09/27MIDDLEBY : acquires Imperial Commercial Cooking Equipment
AQ
09/24MIDDLEBY : Buys Imperial Commercial Cooking Equipment
MT
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Middleby : Acquires Imperial Commercial Cooking Equipment

09/24/2021 | 04:21pm EDT

The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of Imperial Commercial Cooking Equipment. Based in Corona, Calif., the company manufactures ranges, fryers, ovens, countertop equipment and other specialty cooking products for the commercial kitchen. Imperial has annual revenues of approximately $40 million.

“Imperial is a leading, highly-respected commercial foodservice brand with products that complement the existing Middleby core cooking category. While we are enhancing our current brand portfolio, this acquisition also expands our west coast footprint and allows us to provide broader capabilities and support to our domestic customers,” said Tim FitzGerald, Middleby CEO.

“We are excited to realize the many synergies between the companies. Imperial has impressive manufacturing capabilities, which will provide potential for greater efficiencies and flexibility to our commercial foodservice platform. Working with our long-standing international distribution partners, Imperial has a prime opportunity to expand its global reach. Imperial also has an established presence in the quickly growing fast-casual chain restaurant segment, which will be a benefit to the Middleby brands as well,” Mr. FitzGerald commented.

Since its inception in 1957, the Imperial mission has been to be the preferred global supplier of high quality, top value cooking equipment to the foodservice industry. Please visit www.imperialrange.com for more information on the company and its products.

For more information about The Middleby Corporation and the company brands, visit www.middleby.com.

ABOUT THE MIDDLEBY CORPORATION

The Middleby Corporation is a global leader in the foodservice equipment industry. The company develops, manufactures, markets and services a broad line of equipment used in the commercial foodservice, food processing, and residential kitchen equipment industries. The company's leading equipment brands serving the commercial foodservice industry include Anets®, APW Wyott®, Bakers Pride®, Beech®, BKI®, Blodgett®, Blodgett Combi®, Blodgett Range®, Bloomfield®, Britannia®, Carter-Hoffmann®, Celfrost®, Concordia®, CookTek®, Crown®, CTX®, Desmon®, Deutsche Beverage®, Doyon®, Eswood®, EVO®, Firex®, Follett®, frifri®, Giga®, Globe®, Goldstein®, Holman®, Houno®, IMC®, Induc®, Ink Kegs®, Inline Filling Systems®, Jade®, JoeTap®, Josper®, L2F®, Lang®, Lincat®, MagiKitch'n®, Market Forge®, Marsal®, Meheen®, Middleby Marshall®, MPC®, Nieco®, Nu-Vu®, PerfectFry®, Pitco®, QualServ®, RAM®, Southbend®, Ss Brewtech®, Star®, Starline®, Sveba Dahlen®, Synesso®, Tank®, Taylor®, Thor®, Toastmaster®, TurboChef®, Ultrafryer®, Varimixer®, Wells® Wild Goose® and Wunder-Bar®.


ę Business Wire 2021
All news about THE MIDDLEBY CORPORATION
10/14MIDDLEBY : Earns Ranking on Forbes Wo...
PU
09/27MIDDLEBY : acquires Imperial Commercial Cooking Equipment
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09/24MIDDLEBY : Buys Imperial Commercial Cooking Equipment
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09/24MIDDLEBY : Acquires Imperial Commercial Cooking Equipment
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Analyst Recommendations on THE MIDDLEBY CORPORATION
More recommendations
Financials (USD)
Sales 2021 3 291 M - -
Net income 2021 435 M - -
Net Debt 2021 1 380 M - -
P/E ratio 2021 21,7x
Yield 2021 -
Capitalization 9 526 M 9 526 M -
EV / Sales 2021 3,31x
EV / Sales 2022 2,91x
Nbr of Employees 9 289
Free-Float 86,4%
Chart THE MIDDLEBY CORPORATION
Duration : Period :
The Middleby Corporation Technical Analysis Chart | MIDD | US5962781010 | MarketScreener
Technical analysis trends THE MIDDLEBY CORPORATION
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 10
Last Close Price 171,25 $
Average target price 214,00 $
Spread / Average Target 25,0%
EPS Revisions
Managers and Directors
Timothy John Fitzgerald Chief Executive Officer & Director
Bryan E. Mittelman CFO & Principal Accounting Officer
Gordon Jude O'Brien Chairman
James K. Pool Chief Operating & Technology Officer
Martin Mckay Lindsay Secretary, Treasurer & Chief Risk Officer
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