Middleby completes food processing spin-off into Midera
- Middleby (NASDAQ:MIDD) completed the spin-off of its Food Processing business into Midera Food Processing, Inc.
- Midera shares will begin trading on Nasdaq under ticker “MFP” starting July 7, 2026.
- The spin-off was structured as a 1-for-1 share distribution to existing Middleby shareholders.
The Middleby Corporation (NASDAQ:MIDD) said it has completed the previously announced spin-off of its Food Processing business into a new standalone company, Midera Food Processing.
Midera common stock will begin trading on the Nasdaq Stock Market under the ticker symbol “MFP” at the opening of trading on July 7, 2026.
Middleby said the spin-off was executed through a distribution of one Midera share for each Middleby share held as of the June 26, 2026 record date.
Middleby CEO Tim FitzGerald said the separation allows both companies to operate with greater focus and strategic flexibility.
After the spin-off, Middleby will focus on commercial foodservice equipment, while Midera will operate as a standalone food processing equipment company.
The company said both businesses are positioned to pursue independent growth strategies and potential acquisitions.
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