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%
Tag Archives: AGA Rangemaster
Rangemaster Elise luxe Rangemaster
Rangemaster announce the launch of the Elise Luxe Black Edition within Rangemaster’s range cooker portfolio.
Featuring a stylish Antique Brass trim, black handles and premium two-tone cruciform dials with knurled finish, the Black Edition is available in both Black and Stainless Steel.
Aga Rangemaster drop in turnover
Turnover fell by 20% at cooker and cookware manufacturer Aga Rangemaster last year, newly-filed accounts have revealed – as the company cut its staff by over 21%.
The firm, which has its head office in Long Eaton, Derbyshire, and sites in Leamington Spa and Telford, saw revenues fall from £144.6m in 2022 to £115.5m for the 12 months to December 2023.
Aga Rangemaster said the disappointing performance was down to a “challenging” domestic market – although exports to the US increased by over 22%
AGA MD Retirement
Geoff Killer, Managing Director of AGA Rangemaster, is retiring after nearly 22 years of dedicated service to the company.
Rangemaster new logo
Rangemaster unveils a new logo and brand identity at kbb Birmingham. It coincides with their first appearance at the exhibition in 10 years and a series of manufacturing and range developments within the business following a multi-million-pound investment in their Leamington Spa factory.Implemented a powder paint facility and developed a ‘next generation’ construction across its range cookers. The rollout will begin with the Estel Deluxe and Edge Deluxe families
Rangemaster new colour ls for classic kettle and toaster
The Classic Kettle and Toaster collection has now been launched in two new shades!
The new colours complement Rangemaster’s range cookers that also come in these natural tones, Mineral Green and Stone Blue, which form part of the Earth collection.The new colours have been launched to complement Rangemaster’s range cookers that also come in these natural tones, which form part of the Earth collectionThe Classic Kettle is a 3kW design with a quick and quiet boil. It’s perfect for families and entertaining with its large 1.7 litre capacity while level markers inside the kettle help you to boil only what’s needed, saving energy. It has a water gauge on the outside and perfect pour drip-free spout while the stovetop-style design is ideal for country cottage kitchens and classic decors. Added features include a cordless 360˚ swivel base, which is sturdy and safe to use for left and right-handed users, as well as a removable and washable limescale filter.
Rangemaster announce Thuy Pham
Rangemaster announce a new collaboration with renowned British-Vietnamese chef, restaurateur and author Thuy Pham. This partnership will bring together the artistry of Thuy’s culinary expertise and the extensive capabilities of Rangemaster’s appliances.
As part of the collaboration, Thuy will create an array of recipes and digital content introducing consumers to the diverse tastes and textures of Vietnamese cuisine. Combining restaurant precision and flair with the comforts of cooking at home, Thuy’s content will enhance the culinary experience and produce some tasty results.
AGA ERS
AGA cooker, launched in June 2023. It is the most innovative and design cooker AGA has ever made. The AGA ERA is a combination of cast iron, induction, convection oven and glass.
Every element of ERA – including the clean lines of the glass doors and the ergonomically designed handles – has been carefully considered to create an appliance with a premium, honest, high-quality materials and great design.
ERA offers an all-in-one solution. Each function is operated with a touch screen. The stove is perfect for a wide target group and different ways of cooking.
On top is a 4-zone induction hob next to a cast iron plate. In addition to a convection oven, ERA also has two cast iron ovens
that cook with radiant heat. This offers an intuitive, friendly way of cooking, the authentic AGA way
AGA Rangemaster Ltd made a pledge to reduce their carbonfootprint
During 2022 AGA Rangemaster Ltd made a pledge to reduce their #carbonfootprint. To achieve this a number of initiatives were identified through delivering excellence initiatives and working in collaboration with stakeholders from all sites we set about reviewing our processes, our reliance on fossil fuels and identifying innovative ways of saving energy and reducing our carbon footprint.
Many of the initiatives required little to no capital investment. Other projects included the replacement of fluorescent lighting and high intensity lighting with LED lighting. Theses initiatives and others will continue throughout 2023.
As a result of our efforts our year ending 2022 data has been externally verified and we have reduced our total t co2e by 917.6 tonnes. This is a superb achievement and AGA Rangemaster Limited would like to thank all those who have participated. The challenge is to reduce our t co2e even further during 2023 as we continue in the Race to Zero emissions.
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