26North and The Middleby Corporation Agree to Form $885 Million Partnership for Residential Kitchen, a Leading Collection of Premium Cooking, Refrigeration and Outdoor Living Brands

Core Viewpoint - Affiliates of 26North have agreed to purchase a controlling interest in Middleby's Residential Kitchen business, indicating a strategic move to enhance their portfolio in the residential kitchen sector [1] Company Summary - 26North is expanding its investment in the kitchen appliance market through the acquisition of a controlling stake in Middleby's Residential Kitchen business, which suggests confidence in the growth potential of this segment [1] - Middleby, known for its diverse range of kitchen equipment, is likely to benefit from this acquisition as it may lead to increased operational efficiencies and market reach under new ownership [1]