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Middleby business strategy changes
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The Middleby Corporation is reviewing its business portfolio, a process that started last year as part of its Board of Directors’ efforts to maximize shareholder value, the company says. With the help of outside financial and legal advisors, the Board is considering “a broad range of strategic options including a potential separation of its Food Processing and/or its Residential Kitchen business units, among other alternatives,” Middleby details.

The group’s management believes there are more opportunities they can tap into and are evaluating a wide range of options and possible timings. They expect to reach a conclusion in the next few months.

The Elgin, Illinois-based company holds a market value of USD 9.13 billion (Reuters).

Photo: Middleby Bakery stand at iba 2023 (f2m)