Middleby completes spin-off of Midera Food Processing as independent public company
The Middleby Corporation completed its spin-off of Midera Food Processing, Inc. effective July 6, 2026 at 12:01 a.m. Eastern Time, distributing 100% of Midera's issued and outstanding shares to Middleby stockholders on a pro rata basis (one share of Midera common stock for every one share of Middleby common stock held as of the June 26, 2026 record date). Midera began trading on Nasdaq under ticker symbol "MFP" on July 7, 2026, as a pure-play food processing technology platform with 30+ brands and a global installed base of more than 100,000 equipment units.
Key facts
- Spin-off effective July 6, 2026 at 12:01 a.m. Eastern Time
- Distribution of 100% of Midera shares to Middleby stockholders on pro rata basis (1:1 ratio)
- Record date for distribution: June 26, 2026 at 4:00 p.m. Central Time
- Midera began trading on Nasdaq July 7, 2026 under ticker "MFP"
- Board of Directors: Robert Nerbonne (Chair), Mark Salman (CEO), plus six independent directors
- Executive team: Mark Salman (CEO), Amy Campbell (CFO), Mark Bowie (COO), Matthew Fuchsen (Chief Strategy Officer)
- Midera portfolio includes 30+ industry-leading brands in protein, bakery and snack processing
- Midera employs approximately 2,800 people worldwide; headquartered in Rosemont, Illinois
Why it matters
Midera becomes an independent public company focused purely on food processing technology, enabling specialized strategy and capital allocation for its equipment and total line solutions business in protein, bakery, and snack categories, while Middleby focuses on its remaining foodservice and kitchen equipment operations.
Share
Derived from 8-K filed 2026-07-06. Not investment advice. View the source filing on SEC.gov →