The Middleby Corporation (NASDAQ: MIDD) has agreed to sell a 51% stake in its Residential Kitchen business to affiliates of 26North Partners LP, valuing the unit at $885 million. Middleby will retain a 49% non-controlling interest in the new joint venture, receiving approximately $540 million in cash and a $135 million seller note.
The Residential Kitchen portfolio includes premium brands such as Viking, AGA Rangemaster, La Cornue, Kamado Joe, Marvel, Novy, and U-Line. This move, alongside the planned spin-off of Middleby’s Food Processing segment in H1 2026, advances the company’s strategy to become a pure-play commercial foodservice leader.
With a sharpened focus, Middleby is positioned for accelerated growth through innovation and automation, offering a robust lineup of commercial kitchen solutions that enhance labor efficiency, reduce food costs, and expand into high-potential markets like ice and beverage.
The commercial foodservice business stands strong with 2024 revenue of $2.38 billion, $654 million in Adjusted EBITDA, and a margin exceeding 27%
Category Archives: Commercial
Jensen North America Acquires G.A. Braun, Strengthening Its North American Presence
Jensen North America, a proud member of the global Jensen-Group, has officially acquired the business operations of G.A. Braun. This strategic acquisition represents a major leap forward in Jensen-Group’s long-term growth strategy, significantly enhancing its manufacturing capabilities, broadening its product offerings, and expanding its service network throughout North America.
By integrating G.A. Braun’s expertise and infrastructure, Jensen-Group is poised to deliver even greater value to customers across the region—reinforcing its commitment to innovation, quality, and customer-centric solutions in the industrial laundry sector.
Electrolux Professional Unveils Pioneering Laundry Tech at Texcare China 2025
At the Texcare Asia & China Laundry Expo 2025held November 12–14 at Shanghai’s New International Expo Centre Electrolux Professional made waves by debuting a game-changing innovation in commercial laundry systems: the industry’s first truly integrated stackable washer-dryer combination unit. This compact powerhouse is engineered to slash footprint requirements by up to 50% while slashing energy and water use, aligning perfectly with the expo’s emphasis on eco-conscious automation and resource efficiency.fd0896cac86a
Designed for high-volume operations like hotels, hospitals, and textile services, the unit merges advanced washing and drying in a vertical footprint that frees up valuable floor space for other essentials. Key highlights include AI-driven load optimization for minimal waste, heat-recovery tech to recapture up to 80% of thermal energy, and smart sensors that adapt cycles for peak performance potentially cutting operational costs by 30% and CO2 emissions significantly.06c305 As part of Electrolux’s broader push toward circular economy principles, this solution supports seamless integration with existing workflows, empowering businesses to scale sustainably without compromise.
With over 300 global exhibitors and 30,000 attendees from 80+ countries, the event underscored Asia’s role as a hub for laundry tech evolution, and Electrolux’s reveal positioned it as a frontrunner in reimagining professional care for a greener future.
Krupps Joins TNK Group in €75M Deal to Boost Global Growth
Italian dishwasher specialist Krupps has been acquired by Padua-based TNK Group, forming a €75 million business. This marks the end of Krupps’ family ownership since its founding by Antonio Scanavin in 1965.
The move aligns Krupps with TNK’s portfolio—which includes Coldline, Modular Professional, Nevo, and Tuls—and aims to expand its global footprint. CEO Enrico Scanavin said the deal preserves Krupps’ heritage while accelerating its international growth and integration into a broader professional kitchen ecosystem.
Krupps currently exports to over 70 countries, with 60% of its revenue coming from outside Italy.
Gaggia Milano G 700
The new Gaggia Milano G 700 is built for high-demand venues — from cafés to hotels and restaurants — delivering up to 300 cups a day with consistency and style. Its advanced Z4000 brewing system and high-efficiency pump ensure a rich, full-bodied aroma, while EvoMilk technology creates smooth hot or cold milk foam. Thanks to the Dual Milk system, it can also support plant-based options.
Electrolux Professional Group to streamline its operations
To strengthen future profitability and sharpen its competitive edge, Electrolux Professional Group is launching a series of cost-saving initiatives projected to deliver annual run-rate savings of approximately SEK 175 million by 2027, with SEK 80 million expected as early as 2026.
These measures will involve a one-time cost of around SEK 235 million, which will be reported as items affecting comparability in Q3 2025. The majority of the cash flow impact is anticipated in 2026.
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Key Actions: Streamlining and Strategic Relocations
The cost-saving program will include operational streamlining across multiple countries and functions, alongside a strategic competence shift aimed at accelerating business development. Pending consultation with employee representative bodies, the following changes are under evaluation:
– Coffee Production: Relocation from Carros to Aubusson, France, impacting approximately 40 employees.
– Cooking Production: Relocation from Sursee, Switzerland, to other facilities—primarily Pordenone, Italy—affecting around 50 employees.
In total, around 350 employees may be impacted. However, the net reduction is expected to be closer to 200 roles, as new positions will be created to support the competence shift. Notably, about one-third of the SEK 235 million investment will fund this strategic shift, which, while not directly reducing costs, is designed to accelerate innovation and growth
LG Unveils Next-Gen Commercial Laundry Innovations at Clean Show 2025
LG Electronics is making waves at Clean Show 2025—the premier North American tradeshow for the commercial laundry industry—taking place in Orlando, Florida from August 23 to 26. At the heart of LG’s exhibit is a robust lineup of advanced laundry solutions designed to meet the evolving needs of laundromats, hotels, healthcare facilities, and other commercial operators.
💡 Smarter, Faster, More Efficient
Showcasing its commitment to innovation, LG introduces its latest AI-powered laundry technologies that deliver exceptional performance, energy efficiency, and operational savings. Visitors to the LG Professional AI Zone will get a first look at the LG PROFESSIONAL LAUNDRY series—making its U.S. debut at the show. Though not yet available stateside, this flagship lineup underscores LG’s global leadership in high-volume, high-performance laundry systems.
🌀 AI-Driven Combo Units: Precision Meets Speed
The PROFESSIONAL LAUNDRY Combo units are equipped with LG’s intelligent AI technology, which automatically adjusts water levels and optimizes wash and dry cycles based on load size. These machines complete a full cycle in just 60 minutes*, helping businesses reduce energy consumption without sacrificing quality.
⚙️ Engineered for Stability and Speed
LG’s proprietary Ball Balancing System ensures smooth, stable drum rotation at speeds up to 1,100 RPM, generating a g-force of 520. This innovation reduces vibration, improves water extraction, and shortens cycle times—ideal for demanding commercial environments.
🔥 Dual Action Heat Exchange & Ductless Design
The Dual Action Heat Exchange System delivers fast, even drying by efficiently transferring heat to fabrics, lowering energy usage while maintaining top-tier performance. Plus, a ductless design offers flexible installation options, making it easier for businesses to save on setup costs and maximize space efficiency.
Gaggia’s new range of super-automatic Professional coffee machines,
G Line is the new range of super-automatic Professional coffee machines, crafted from Gaggia Milano’s heritage of innovation and passion for coffee since 1938. It is designed to deliver reliable performance, consistent in-cup quality, and long-term sustainable value Equipped with a patented Z4000 brewing system, G 300 Krea ensures an exceptional coffee quality. Built with premium components, it guarantees consistent performance and high productivity, even during peak hours. Its intuitive, customisable interface enhances the purchasing process, making it seamless and engaging for every user. The perfect mix of performance, reliability and user experience.
Atlant Unveils New Refrigeration Solution for African Market
Atlant, a frontrunner in Belarus’s household appliance industry, continues to strengthen its global reach. According to Leonid Pinchuk, Deputy General Director for Commercial Affairs, more than 85% of the company’s products are destined for export. Key markets include Russia, Kazakhstan, Armenia, and Kyrgyzstan, with growing demand from Uzbekistan and other post-Soviet nations.
Atlant’s manufacturing facility is equipped with advanced, high-tech machinery and has achieved notable milestones—among them, the development of the nation’s first medical-grade freezers. These innovations aren’t just profitable—they’re essential. They equip Belarus’s healthcare system with the tools to operate independently and effectively.
One standout development is a serial-production blood component freezer engineered for the Ministry of Health. Capable of maintaining temperatures as low as –40°C, it also features data-logging technology that monitors door openings and ensures consistent temperature control.
Atlant’s growth strategy hinges on geographic expansion. The company has built a reputation for reliable quality and stylish design since its founding in 1959, always staying ahead of consumer expectations and industry trends.
Most recently, Atlant launched a special line of refrigerators tailored for the African market. Designed to withstand frequent power outages, these units run efficiently on solar energy—underscoring the company’s commitment to adaptable, sustainable solutions.
At its core, Atlant exemplifies the role of industry in driving economic progress. Its successes reflect not only innovation and resilience but also a coordinated effort to contribute meaningfully to Belarus’s development.
Electrolux Professional Group achieves gold medal in EcoVadis
Electrolux Professional Group is proud to announce that we have been awarded the prestigious gold medal in the EcoVadis Sustainability Ratings. This recognition places us in the top 5% of companies assessed globally, highlighting our firm commitment to sustainable business practices.
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