THE MIDDLEBY CORPORATION
1400 Toastmaster Drive, Elgin, Illinois
60120 · (847) 741-3300 · Fax (847) 741-9561
Middleby Ranks #11 on the FORTUNE
Magazine Fastest Growing Companies List
Elgin, Ill. August 30,
2004— The Middleby Corporation ranked #11 in the FORTUNE Magazine 16th
annual list of America’s Fastest Growing Companies. The list is available in
the publication’s September 6, 2004 issue and online at www.fortune.com.
Middleby also ranked #7 in total return for three years according to the
magazine.
“We are pleased to be
recognized by FORTUNE for our company’s financial achievements,” said Middleby
President and Chief Executive Selim A. Bassoul. “Every employee at Middleby contributes to our ongoing success, and
this national recognition as one of the fastest growing companies is due to the
dedication of our workforce throughout the world.”
To compile the 2004 list of America’s Fastest Growing Companies, FORTUNE asked Zacks Investment Research to find U.S. companies with a minimum market cap of $50 million, at least $50 million in revenues over the past four quarters, and at least 20% annual growth in sales and earnings over the past three years. FORTUNE then factored in total stock market return to come up with the final list.
Middleby was nationally recognized for financial performance earlier this summer, when the company ranked #56 on the June 7, 2004 Business Week Hot Growth Companies list.
The Middleby
Corporation is a global leader in the foodservice cooking equipment
industry. The company develops,
manufactures, markets and services a broad line of equipment used for cooking
and food preparation in commercial and institutional kitchens and restaurants
throughout the world. The company has
four U.S. and one international manufacturing facility with brands including
Blodgettâ, Blodgett Combiâ, Blodgett Rangeâ, CTXâ, MagiKitch’nâ, Middleby Marshallâ, Pitco Frialatorâ, Southbendâ, and Toastmasterâ. For more information visit www.middleby.com.
Contact: Darcy Bretz
(847) 429-7756