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The Middleby Corporation Reports Second Quarter Results
Ali Group And Welbilt Announce Definitive Merger Agreement
Middleby Will Not Increase Offer To Acquire Welbilt
The Middleby Corporation, through its operating subsidiary Middleby Marshall Inc., and its subsidiaries, is engaged in design, manufacture, marketing, distribution, and service of foodservice equipment; food preparation, cooking, baking, chilling, and packaging equipment; and kitchen equipment. The Company operates through three segments: Commercial Foodservice Equipment Group, Food Processing Equipment Group and Residential Kitchen Equipment Group. The Commercial Foodservice Equipment Group segment manufactures, sells, and distributes foodservice equipment for the restaurant and institutional kitchen industry. The Food Processing Equipment Group segment manufactures preparation, cooking, packaging food handling and food safety equipment for the food processing industry. The Residential Kitchen Equipment Group segment manufactures, sells and distributes kitchen equipment for the residential market.
Misc. Capital Goods
1400 Toastmaster Dr
Gordon J. O'Brien
Independent Chairman of the Board
Timothy J. Fitzgerald
Chief Executive Officer, Director
Bryan E. Mittelman
Chief Financial Officer
James K. Pool
Chief Technology and Operations Officer
Martin M. Lindsay
Vice President, Treasurer, Company Secretary, Chief Risk and Administration Officer
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U.S. food-service equipment maker Welbilt Inc said on Tuesday Italian rival Ali Group's revised takeover bid was superior to its existing tie-up agreement with Middleby Corp and that it plans to move ahead with the offer.
Welbilt Inc said late Friday that a $3.3 billion offer from Italian rival Ali Group to acquire the U.S. foodservice equipment maker was likely superior to its existing tie-up agreement with Middleby Corp.
Foodservice equipment manufacturer Middleby Corp said on Wednesday it would buy smaller rival Welbilt Inc for about $2.9 billion in an all-stock deal to beef up its commercial foodservice platform.
Food service equipment manufacturer Middleby Corp said on Wednesday it would buy smaller rival Welbilt Inc for about $2.9 billion.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.