Midera Food Processing, Inc. completed a spin-off from The Middleby Corporation on July 6, 2026, becoming an independent publicly traded company. Middleby distributed 100% of Midera's common stock to its shareholders, with recipients receiving one share of Midera for every one share of Middleby held as of June 26, 2026. To facilitate the transition, the companies entered into several agreements covering separation, tax matters, employee matters, intellectual property, and transition services. The company also appointed a new Board of Directors and executive officers, including CEO Mark M. Salman and CFO Amy A. Campbell. Midera Food Processing, Inc. operates in the food processing industry.