The Middleby Corporation Announces the Launch of Midera Food Processing

The launch reflects the continued advancement of Middleby’s Food Processing platform into a more focused, technology-driven organization delivering total line solutions. With a foundation built over decades and a portfolio of more than 30 global brands, Midera is positioned to accelerate innovation and serve customers with greater clarity and speed.

“Over decades we built a global reputation as an industry leader delivering exceptional quality and innovative total line solutions as Middleby Food Processing. Today we are proud to start a new chapter as Midera, a name that will continue to reflect the deep commitment of our brands. We are excited about our future as a standalone company and now launching our identity as Midera,” said Mark Salman, Midera’s incoming Chief Executive Officer and current president of the Middleby Food Processing Group. “I, along with my senior team, look forward to thoroughly outlining our growth strategy to deliver shareholder value at our Investor Day on Tuesday.”

The company’s new brand identity reinforces Midera’s launch as a pure play food processing company. The Midera name’s first syllable evokes the company’s heritage as part of Middleby as it enters a new era as a company entirely devoted to food processing. The Midera emblem draws from triangular elements of Middleby’s original visual identity, refined to convey precision and forward momentum.

Separation and Expected Nasdaq Listing

The separation of Midera into a standalone public company is expected to be completed on July 6, 2026, subject to customary conditions, including the effectiveness of Midera’s Form 10 registration statement with the U.S. Securities and Exchange Commission (“SEC”), through a distribution of Midera common stock to Middleby stockholders. Each Middleby stockholder will receive one share of Midera common stock on the distribution date for every one share of Middleby common stock held on the record date. Midera intends to apply to list its common stock on The Nasdaq Global Select Market, and following the separation, Midera’s common stock is expected to trade under the ticker symbol “MFP.”

“I am confident that the Midera senior team has a solid strategy for growth with the highly respected global business we’ve built over the past two decades. Under the name Midera, the positive momentum will continue long after the company separates from Middleby and becomes a standalone business,” said Tim FitzGerald, Chief Executive Officer of The Middleby Corporation. “Midera leadership has exhibited financial strength and discipline while delivering industry-leading advanced solutions to the marketplace. The business is well-positioned for future success.”

Investor Day

Middleby and Midera will host an Investor Day on May 12, 2026, in New York City, where the management teams will share each company’s long-term strategy and financial framework.

About Midera Food Processing

Midera Food Processing provides food processing equipment and automation solutions for industrial protein, bakery, and snack producers, delivering total line solutions from preparation and thermal processing through packaging. With a portfolio of 30+ industry-leading brands reaching customers across six continents, Midera helps food processors produce safer, more consistent products while improving efficiency and reducing waste at scale. Headquartered in Rosemont, Illinois, the company employs approximately 2,800 people worldwide. For more information about Midera, please visit https://www.middleby.com/food-processing/.

About The Middleby Corporation

The Middleby Corporation is a global leader in the foodservice industry. The company develops and manufactures a broad line of solutions used in commercial foodservice and food processing. Middleby showcases its advanced solutions in the Middleby Innovation Kitchens for commercial foodservice and industrial baking and protein Innovation Centers for Food Processing solutions. For more information about Middleby, please visit www.middleby.com.