Midera Food Processing Debuts as Independent Company
Midera Food Processing, Inc. , a leading global pure-play food processing technology platform, today announced that its spin-off from The Middleby Corporation (NASDAQ: MIDD) (“Middleby”) is complete, and it. . .
Midera Food Processing, Inc. , a leading global pure-play food processing technology platform, today announced that its spin-off from The Middleby Corporation (NASDAQ: MIDD) (“Middleby”) is complete, and it will begin trading as an independent company under the ticker symbol “MFP,” effective at the market opening tomorrow, July 7, 2026. In connection with Midera’s public debut, the Company will ring the Closing Bell at Nasdaq on July 8, 2026. Midera has a portfolio of 30+ industry-leading brands, a global equipment and systems installed base of more than 100,000 units, and a track record of delivering results through multiple economic cycles. The Company’s total line solutions play a key role in shaping how the world’s food gets made. Midera’s technological capabilities underpin the production of many of the world’s most widely consumed food categories – protein, bakery, and snack – and its expertise is directly aligned with the structural forces driving globalfood production. “As an independent, publicly traded company, Midera enters the market in a strong financial position as we advance our growth strategy and invest in the technologies that will define the future of food production,” saidMark Salman, Chief Executive Officer of Midera. “We have built this platform through more than 30 acquisitions since 2005, developing disciplined capabilities in deal origination, integration and operational improvement. Our total line solutions allow us to do what no one else in the industry can: design, integrate, commission, and support a complete production line across protein, bakery, and snack categories. We look forward to being the partner global food manufacturers rely on as rising demand, labor scarcity, food safety requirements, and sustainability imperatives drive the next wave of investment in food processing technology. ”To complete the spin-off, which was effective as of today at 12:01 a. m. Eastern Time, Middleby distributed all of the issued and outstanding shares of Midera Food Processing common stock to Middleby stockholders on the basis of one share of Midera common stock for every one share of Middleby common stock held as of 4:00 p. m. Central Time on June 26, 2026, the record date for the distribution. Midera’s Experienced Leadership Team and Board of DirectorsMidera Food Processing begins its journey as an independent public company with a proven leadership team that brings decades of collective experience in food processing, industrial technology, and global operations. In addition to Mr. Salman, the executive team consists of Amy Campbell, Chief Financial Officer; Mark Bowie, Chief Operating Officer; and Matthew Fuchsen, Chief Strategy Officer. The Company’s leadership team has strong customer relationships across the protein, bakery, and snack processing markets and a long track record of driving innovation and operational excellence. The management team is supported by a deep and highly experienced Board of Directors, chaired by Robert Nerbonne, a former director ofMiddlebyand veteran chief executive in the commercial foodservice equipment industry. It also includes Mr. Salman; Carlos Fernandez Villena, former senior executive of JBT Corporation (now JBT Marel) and current Chairman of OptiCept Technologies AB; Timothy FitzGerald, Chief Executive Officer of Middleby; James Glerum, Jr. , former Vice Chairman, Investment Banking at Citigroup and current director of Amcor plc and Tennant Company; Brian Jacoby, Founding Partner and Head of Research at Garden Investments and former Partner at Trian Fund Management; Cathy McCarthy, President and CEO of Cross Tack Consulting and a former director of Middleby; and Janet Zelenka, former Chief Financial Officer and Chief Information Officer of Stericycle, Inc. and current director of FTI Consulting, IDEAL Industries, and U. S. Venture. Together, the Board brings extensive public company governance, financial, and industry expertise to guide Midera. Midera Food Processing provides food processing equipment and automation solutions for industrial protein, bakery, and snack producers, delivering total line solutions from preparation and thermal processing through packaging. With a portfolio of 30+ industry-leading brands reaching customers across six continents, Midera helps food processors produce safer, more consistent products while improving efficiency and reducing waste at scale. Headquartered in Rosemont, Illinois, the Company employs approximately 2,800 people worldwide. Dive Deep Into the Food Processing Industry. Join Our WhattsApp Group Hereand Get The Latest Updates, News, and Visions of Industry Experts!Prakash MishraJournalist with experience in researching, reporting, and creating engaging content across diverse topics and platforms. My work has strengthened my skills in communication, relationship building, and understanding people, while also honing my organisational and problem-solving abilities.