BNET Industries

Middleby Corp.

(MIDD) is in the Manufacturing Industry

Market Cap:$821.7M
Last Fiscal Year Sales:$500.4M
  • Public
  • US
Dow Jones Description

The Middleby Corporation is a global leader in the foodservice equipment industry. The company develops, manufactures, markets and services a broad line of equipment used for commercial food cooking, preparation and processing. The company's leading equipment brands serving the commercial foodservice industry include Blodgett, Blodgett Combi, Blodgett Range, Bloomfield, Carter Hoffmann, CTX, Giga, frifri, Holman, Houno, Jade, Lang, MagiKitch'n, Middleby Marshall, Nu-Vu, Pitco Frialator, Southbend, Star, Toastmaster and Wells. The company?s leading equipment brands serving the food processing industry include Alkar, MP Equipment, and RapidPak. The Middleby Corporation was recognized by Business Week as one of the Top 100 Hot Growth Companies of 2007 and 2008 and by Forbes as one of the Best Small Companies in 2007.

Chairman and Chief Executive Officer of E.O.P, Inc., Publisher of Special Market Trade Magazines
John R. Miller III
Number of Employees 1,779
Contact Information

1400 Toastmaster Dr

Elgin, Illinois 60120-9274

www.middleby.co...

(847) 741-3300

NAICS Code Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing: 333415

Recent Events

  • The Middleby Corporation Schedules Third Quarter Earnings Release and Conference Call

    11/06/09 - Financial Announcement - View Story

  • The Middleby Corporation Reports Second Quarter Results

    8/16/09 - Financial Announcement - View Story

News & Analysis

middleby corp. - All News and Analysis

  • Middleby's Bad News Is Behind It

    Seeking Alpha - 2009-09-08

    Dan Wieman submits: It looks like the economy finally caught up with Middleby (NASD: MIDD) in the second quarter. After their first quarter, it looked as if they could defy the gravity of the economy. In the second quarter, however, sales declined 8.6% and earnings fell from $0.99 per share...

    Tags: US Market, Retail, Dan Wieman, Middleby Corp.

  • Middleby: Selling Ovens in a Cool Market

    Seeking Alpha - 2009-06-09

    Zachary Scheidt submits: The Middleby Corporation MIDD is another company tied to the retail sector which has seen its stock improve significantly over the past few months. In March, investors were panicking and selling stock as fast as they could pushing the price to a low of...

    Tags: Retail, Zachary Scheidt, Middleby Corp.

  • Middleby Corp: From Obscurity to a Darling Stock

    Seeking Alpha - 2009-01-25

    Tim Meador submits: The Middleby Corporation MIDD is a leading manufacturer of commercial kitchen and food processing equipment that competes with divisions of Illinois Tool Works ITW, Manitowoc MTW and United Tech UTX. Founded in a merger of two companies in 1985, Middleby has grown by acquiring competitors and complementary...

    Tags: Retail, Tim Meador, Middleby Corp.

  • McAfee Battles Internet Bugs, Bigger Rivals - Barron's

    Seeking Alpha - 2008-09-14

    The $30B computer-security industry is booming to keep pace with the growing number of viruses and malware floating around the internet. Largely untouched by the economic downturn, two of the biggest industry players - Symantec SYMC and McAfee MFE - are both on course to raise their earnings by...

    Tags: Software, Middleby Corp., Symantec Corp.

  • Oven-maker Middleby Is Ready to Heat Up - Barron's

    Seeking Alpha - 2008-09-14

    Oven-maker Middleby MIDD has a record of rising earnings and a strong cash flow. The company recently posted its 26th consecutive year-on-year gain in quarterly earnings, and net income rose 36% in Q2. Yet, the stock fell from $78 at the end of the year to the upper 30s in...

    Tags: Retail, Middleby Corp.

Decision Makers

Name (plus bio) Position
Nazih Ibrahim Division President
Phil Dei Dolori Group President
Victor Ochoa President
Timothy Fitzgerald Chief Financial Officer
Magdy Albert Executive Vice President, Food Processing Group
Douglas Dunn Vice President, Sales & Marketing and General Manager, Sales, Middle East, India and Australia/New Zealand Markets
Jerry Koo V.P. of Sales
John Richardson V.P. Latin American Operations
Mark A Sieron Vice President
Rob August Group Vice President, Sales & Marketing, Blodgett & Southbend
Sam Sidani Vice President & General Manager
Gordon O Brien Principal and Managing Director of American Capital Strategies
Patricia Oerkfitz Sales and Marketing Manager, International
Martin M Lindsay Treasurer

Board of Directors

Name (plus bio) Position
John R. Miller III Chairman and Chief Executive Officer of E.O.P, Inc., Publisher of Special Market Trade Magazines
Selim Bassoul President, Chief Executive Officer, and Chairman of the Board
Philip G. Putnam Chairman
A. Don Lummus Board of Directors
David P. Riley Board of Directors
Gordon O'Brien Board of Directors
Robert L. Yohe Board of Directors
Robert Lamb Board of Directors
Ryan J. Levenson Board of Directors
Sabin C. Streeter Board of Directors

Organization Position Status
The Middleby Corporation Chairman and Chief Executive Officer of E.O.P, Inc., Publisher of Special Market Trade Magazines Current
The Middleby Corporation Board of Directors Former

Selim A. Bassoul is Chairman of the Board of Directors and Chief Executive Officer of The Middleby Corporation, a leading developer and manufacturer of commercial cooking equipment and food processing/packaging equipment. Mr. Bassoul is responsible for the strategic direction of the company and leading the senior management team. Mr. Bassoul has lead The Middleby Corporation to be one of the best performing public companies over the past several years. Mr. Bassoul joined The Middleby Corporation in 1996 as President of the company’s Southbend division. He became Chief Operating Officer of The Middleby Corporation in 1999 and was named Chief Executive in 2000 and Chairman of the Board in 2004. Under his leadership the company has added a dozen acquisitions to grow Middleby’s presence to a market leader in the industries they serve and quadruple company sales in a five year period. Prior to joining The Middleby Corporation Mr. Bassoul worked for eight years in commercial food equipment for Premark, Inc., a unit of Illinois Tool Works, as Director of Marketing, General Manager of the Cook-Chill division and Vice President of Sales for the Vulcan Cooking Division. Before entering the foodservice industry, Mr. Bassoul worked in the healthcare industry for eight years for American Hospital Supply and Baxter Healthcare in various positions including mergers and acquisitions, corporate planning and regional director in the Middle East and Africa. Mr. Bassoul started his career at Ernst & Young in the Middle East and then moved to the United States to continue his postgraduate education at the Northwestern University Kellogg School of Management where he earned his M.B.A. in finance and marketing and a certificate in Accounting. Before coming to the U.S. Mr. Bassoul attended the American University of Beirut where he received a B.A. in Business Administration with Distinction and was the recipient of the David Dodge Scholar Award. Through high school he was educated by the Jesuits at Notre Dame de Jamhour in Beirut. Mr. Bassoul remained committed to excelling while a civil war was raging in his country, Lebanon. Mr. Bassoul has been the recipient of many honors including the Ernst & Young Entrepreneur of the Year Award and the YPO International Legacy Award. Outside his career, his achievements include Contributing Editor, Journal of Business Strategy, speaker on global marketing at the Conference Board, developer of the Riskette financial modeling system, and Exsys software for international distribution. Mr. Bassoul is a member of the Young Presidents Organization (YPO) and a board member of the Holy Spirit University Foundation. He is a current member of the Board of Directors of New Piper Aircraft and Confluence Watermark.

Organization Position Status
The Middleby Corporation President, Chief Executive Officer, and Chairman of the Board Current
Middleby Marshall President Current

Organization Position Status
The Middleby Corporation Division President Current

Organization Position Status
The Middleby Corporation Group President Current

Organization Position Status
The Middleby Corporation President Current

Mr. Fitzgerald has been Vice President and Chief Financial Officer of The Middleby Corporation and MM since May 2003. Vice President and Corporate Controller of the Company and MM from February 2000 to May 2003. Corporate Controller of the Company and MM from November 1998 to May 2003. As a senior member of management team responsible for financial reporting, budgeting and financial planning, tax planning and compliance, cash management, currency control and investor relations. Mr Fitzgerald is heavily involved in all strategic and operating decisions within The Middleby Corporation

Organization Position Status
The Middleby Corporation Chief Financial Officer Current
The Middleby Corporation Board of Directors Current

Organization Position Status
The Middleby Corporation Executive Vice President, Food Processing Group Current

Organization Position Status
H.D. Sheldon & Company Inc. Vice President Current
The Middleby Corporation Vice President, Sales & Marketing and General Manager, Sales, Middle East, India and Australia/New Zealand Markets Current
H.D. Sheldon & Company Inc. Sales Executive Current

Organization Position Status
The Middleby Corporation V.P. of Sales Current

Organization Position Status
The Middleby Corporation V.P. Latin American Operations Current
Asbury Worldwide Mexico S.A. de C.V. Vice President, Sales, Latin America Former

Organization Position Status
The Middleby Corporation Vice President Current

Organization Position Status
The Middleby Corporation Group Vice President, Sales & Marketing, Blodgett & Southbend Current

Organization Position Status
The Middleby Corporation Vice President & General Manager Current
Middleby Marshall Director, Operations Current

Organization Position Status
The Middleby Corporation Principal and Managing Director of American Capital Strategies Current
The Middleby Corporation Board of Directors Current

Organization Position Status
The Middleby Corporation Sales and Marketing Manager, International Current

Organization Position Status
The Middleby Corporation Chairman Current

Organization Position Status
The Middleby Corporation Board of Directors Current

Organization Position Status
The Middleby Corporation Board of Directors Current

Organization Position Status
The Middleby Corporation Board of Directors Current

Organization Position Status
The Middleby Corporation Treasurer Current

Organization Position Status
The Middleby Corporation Board of Directors Current
Marsulex Inc. Board of Directors Current
Calgon Carbon Corporation Director Current
Crg Chemical Director Current
Airgas, Inc. Director Current
The Middleby Corporation Compensation Committee Chairman and Lead Independent Director Former
Olin Corporation Vice Chairman Former
Olin Corporation Director Former
National Association of Manufacturers Board of Directors Former
Lafayette College B.S. In Chemical Engineering Former

Organization Position Status
The Middleby Corporation Board of Directors Current

Organization Position Status
The Middleby Corporation Board of Directors Current

Organization Position Status
The Middleby Corporation Board of Directors Current

Executive News

  • Shorts Story

    Barron's Online - 7/06/09 - View Story

advertisement
     MIDD $44.34 -2.55 (-5.44% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 167,478
Shares Outstanding 18.53M
Market Cap 821.8M
Year High 56.99
Year Low 20.45
Earnings Per Share 3.50
P/E Ratio 12.67
Dividend N/A
Yield N/A
IndustryTop Rated
advertisement
Click Here