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Middleby Is Spinning Off Its Food Processing Segment After a $540 Million Asset Sale. Can the Breakup Close Its Valuation Gap?
The Motley Fool· 2026-02-28 15:05
Several large industrials are breaking apart this year. Honeywell is splitting into three companies, DuPont spun off its electronics business, and Johnson & Johnson is carving out its orthopedics unit. While the strategies may differ slightly, the goal remains the same -- to unlock shareholder value.Middleby (MIDD +1.11%) is running the same playbook. The company entered this year with three segments: commercial foodservice, food processing, and residential kitchen. It announced a tax-free spinoff of the fo ...