DivestmentJul 6, 2026, 08:02 AM
Middleby Completes Midera Spin-Off; Midera to Trade as MFP on Nasdaq
AI Summary
The Middleby Corporation has completed the spin-off of Midera Food Processing, Inc., effective July 6, 2026. Midera, a global pure-play food processing technology platform, will commence trading as an independent public company on Nasdaq under the ticker symbol "MFP" on July 7, 2026. Middleby distributed all outstanding shares of Midera common stock to its stockholders on a one-for-one basis. Midera, led by CEO Mark Salman, boasts over 30 brands and a strong financial position to pursue its growth strategy in food production technology.
Key Highlights
- Middleby Corporation completed the spin-off of Midera Food Processing, Inc.
- Midera Food Processing will begin trading as an independent company on Nasdaq under ticker "MFP" on July 7, 2026.
- Middleby distributed one share of Midera common stock for every one share of Middleby common stock.
- Midera has a portfolio of 30+ industry-leading brands and over 100,000 installed units globally.
- Mark Salman is CEO of Midera, supported by an experienced leadership team and Board of Directors.
- Midera focuses on food processing equipment and automation for protein, bakery, and snack producers.
Price Impact
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