Looking ahead, FitzGerald reiterated that Middleby expects to separate its Food Processing business in the second quarter of 2026, creating two independent public companies. He said the company will host an Investor Day on May 12 in New York City ahead of the planned separation.In February, Middleby completed the sale of a 51% stake in its Residential Kitchen business to 26North at an $885 million total enterprise valuation, delivering approximately $565 million in immediate cash proceeds (subject to closin ...