Edition:
United States

Profile: Middleby Corp (MIDD.OQ)

MIDD.OQ on NASDAQ Stock Exchange Global Select Market

130.79USD
15 Dec 2017
Change (% chg)

$1.43 (+1.11%)
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Volume
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The Middleby Corporation (Middleby), incorporated on March 12, 1985, is engaged in the design, manufacture and sale of commercial foodservice, food processing equipment and residential kitchen equipment. The Company operates in three segments: the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group. The Company is also engaged in the design, manufacture, marketing, distribution and service of a range of foodservice equipment used in commercial restaurants and institutional kitchens; food preparation, cooking, baking, chilling and packaging equipment for food processing operations, and kitchen equipment, including ranges, ovens, refrigerators, ventilation and dishwashers used in the residential market. The Company's subsidiary is Middleby Marshall Inc. The Company manufactured and assembled the equipment at 28 facilities in the United States, and 23 international manufacturing facilities as of December 31, 2016.

Commercial Foodservice Equipment Group

The Company's Commercial Foodservice Equipment Group segment has a portfolio of foodservice equipment, which serves cooking or warming application within a commercial kitchen or foodservice operation. This cooking and warming equipment is used across various types of foodservice operations, including quick-service restaurants, full-service restaurants, convenience stores, retail outlets, hotels and other institutions. As of December 31, 2016, this commercial foodservice equipment was marketed under a portfolio of 41 brands, including Anets, Beech, Blodgett, Blodgett Combi, Blodgett Range, Bloomfield, Britannia, CTX, Carter-Hoffmann, Celfrost, Concordia, CookTek, Desmon, Doyon, Eswood, Follett, FriFri, Giga, Goldstein, Holman, Houno, IMC, Induc, Jade, Lang, Lincat, MagiKitch'n, Market Forge, Marsal, Middleby Marshall, MPC, Nieco, Nu-Vu, PerfectFry, Pitco Frialator, Southbend, Star, Toastmaster, TurboChef, Wells and Wunder-Bar.

The products offered by this group include conveyor ovens, combi-ovens, convection ovens, baking ovens, proofing ovens, deck ovens, speed cooking ovens, hydrovection ovens, ranges, fryers, rethermalizers, steam cooking equipment, warming equipment, heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, induction cooking equipment, countertop cooking equipment, toasters, professional refrigerators, coldrooms, ice machines, freezers and beverage dispensing equipment. Middleby's end user customers include fast food, fast casual or quick-service restaurants; full-service restaurants, including casual-theme restaurants; retail outlets, such as convenience stores, supermarkets and department stores, and public and private institutions, such as hotels, resorts, schools, hospitals, long-term care facilities, correctional facilities, stadiums, airports, corporate cafeterias, military facilities and government agencies.

Food Processing Equipment Group

The Company's Food Processing Equipment Group segment offers a range of processing solutions for customers producing pre-cooked meat products, such as hot dogs, dinner sausages, poultry and lunchmeats and baked goods, such as muffins, cookies and bread. Through its line of products, the Company delivers an array of cooking solutions to service a range of food processing requirements to its customers. The Company offers integrated solutions that provide a food processing operation. As of December 31, 2016, this food processing equipment is marketed under portfolio of 13 brands, including Alkar, Armor Inox, Auto-Bake, Baker Thermal Solutions, Cozzini, Danfotech, Drake, Maurer-Atmos, MP Equipment, RapidPak, Spooner Vicars, Stewart Systems and Thurne.

The products offered by this group include an array of cooking and baking solutions, including batch ovens, baking ovens, proofing ovens, conveyor ovens, continuous processing ovens, frying systems and automated thermal processing systems. The Company also provides a portfolio of food preparation equipment, such as grinders, slicers, emulsifiers, mixers, blenders, battering equipment, breading equipment, water cutting systems, food presses, and forming equipment, as well as a range of food safety, food handling, freezing and packaging equipment. Middleby's customers include international food processing companies.

Residential Kitchen Equipment Group

The Company's Residential Kitchen Equipment Group segment manufactures, sells and distributes kitchen equipment for the residential market. This business segment has manufacturing facilities in California, Michigan, Mississippi, Wisconsin, France, Ireland, Romania and the United Kingdom. The product lines of this group include ranges, cookers, stoves, ovens, refrigerators, dishwashers, microwaves, cooktops, refrigerators, wine coolers, ice machines, dishwashers, ventilation equipment and outdoor equipment. These products are sold and marketed under under a portfolio of 20 brands, including AGA, AGA Cookshop, Brigade, Falcon, Fired Earth, Grange, Heartland, La Cornue, Leisure Sinks, Lynx, Marvel, Mercury, Rangemaster, Rayburn, Redfyre, Sedona, Stanley, TurboChef, U-Line and Viking. The Company's end user customers include residential kitchens.

The Company competes with Manitowoc Company, Inc., Illinois Tool Works Inc., Electrolux, Dover Corporation, Rational AG, the Ali Group, AMF Bakery Systems, The GEA Group, JBT Technologies, Marel, Provisur, Whirlpool Corporation, GE Appliances, LG Corporation, Panasonic Corporation, Samsung Group, Sub-Zero Group, Inc., Bosch Siemens and Miele.

Company Address

Middleby Corp

1400 Toastmaster Dr
ELGIN   IL   60120-9274
P: +1847.7413300
F: +1847.7410015

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