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Middleby announces acquisition of Novy

Jul. 12, 2021 9:26 AM ETThe Middleby Corporation (MIDD) StockMIDDBy: Preeti Singh, SA News Editor
  • The Middleby (NASDAQ:MIDD) has acquired Belgium-based premium residential appliance brand Novy.
  • Novy manufactures premium residential ventilation hoods and cooktops. It generates sales of ~$90M annually and EBITDA margins in excess of 20%.
  • The acquisition will expand the Middleby Residential offerings

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