Middleby Sells Majority Stake in Residential Kitchen Business to 26North for $885 Million
Middleby Corporation has sold a 51% stake in its Residential Kitchen business to 26North Partners for $885 million, forming a new partnership. Middleby retains a 49% stake, and the venture includes brands like Viking and AGA. The partnership aims to lead in premium cooking and refrigeration, pending regulatory approvals. This aligns with Middleby's strategy to focus on commercial foodservice solutions.
The Middleby Corporation and 26North Partners have agreed to form a new partnership in the residential kitchen sector. As part of the agreement, affiliates of 26North will acquire a 51% controlling interest in Middleby’s Residential Kitchen business at a valuation of $885 million, while Middleby will retain a 49% non-controlling stake. The venture will include prominent brands such as Viking, AGA, Rangemaster, La Cornue, Lynx, U-Line, Kamado Joe, and Masterbuilt. The partnership aims to create a leading platform in premium cooking, refrigeration, and outdoor living, and is pending customary regulatory approvals and closing conditions. This move supports Middleby’s ongoing strategy to focus on its commercial foodservice solutions business. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Middleby Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20251204257596) on December 04, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
