Mark Salman, President of Middleby's Food Processing Group, will become CEO of the division when it spins off as an independent public company in Q2 2026, following a period in which revenues nearly doubled to $850 million.

Middleby Corporation opens 65,000-square-foot innovation centre near Venice for production-scale testing of bakery, protein and snack processing equipment. Facility offers R&D, validation and training for industrial food manufacturers.