Middleby Will Not Increase Offer to Acquire Welbilt

The Middleby Corporation announced that, under the terms of its previously announced Merger Agreement with Welbilt, Inc., it will not exercise its right to propose any modifications to the terms of the Merger Agreement and will allow the five-day match period to expire.

Welbilt Board Determines That Revised Proposal From Ali Group is a “Company Superior Proposal”

July 7, 2021 Welbilt

Under the terms of the Revised Unsolicited Proposal, Ali Group would acquire all of the outstanding shares of Welbilt common stock for $24 per share in cash, an increase from the previously disclosed $23 per share cash proposal made by Ali Group on May 25, 2021, which implies an enterprise value of approximately $4.8 billion.

TurboChef Announces the Next Breakthrough in Cooking Technology

March 25, 2021 The Middleby Corporation

TurboChef Technologies, LLC, a leader in accelerated cooking technologies, and a Middleby Corporation company (NASDAQ: MIDD), introduces PLEXOR, a generational advancement in ventless, automated, modular, and high-speed cooking.

Next Generation of Open Kitchen and SiteSage IoT Platform Expand Value to Food Service, Food Retail, and Retail Organizations

January 14, 2021 Powerhouse Dynamics

Powerhouse Dynamics, the leading provider of enterprise IoT-based solutions for the food service, food retail, and retail industries and a subsidiary of Middleby Corporation, one of the world’s largest kitchen equipment manufacturers, today announced the release of newly enhanced versions of Open Kitchen® and SiteSage®, along with updated branding of the Open Kitchen name.

Middleby Acquires Synesso

December 2, 2019 The Middleby Corporation

The Middleby Corporation announced the acquisition of Seattle-based Synesso, a designer and manufacturer of semi-automatic espresso machines for the commercial market. The company has quickly grown to $10m in revenues.