Middleby files Form 10 for spin-off of Food Processing; completion target July 6, 2026

MIDDLEBY Corp

Spin-off of Middleby Food Processing as standalone public company; 1 MFP share per MIDD share as dividend.
Food Processing generated over $850M net sales in 2025 with ~20% adjusted EBITDA margin; ~12% CAGR 2019-2025.
Anticipated net debt at close $200-225M (~1.25x estimated standalone FY27 adjusted EBITDA).
Mark Salman named CEO, Amy Campbell CFO, Mark Bowie COO; Robert Nerbonne named Chairman of MFP board.
Spin-off expected tax-free for MIDD and stockholders; MFP to list on Nasdaq under ticker 'MFP'; investor day May 12.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.