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The Middleby Corporation (), also known as Middleby Corp., is a publicly traded commercial and residential cooking and industrial process equipment company based in Elgin, Illinois.〔 The company manufactures commercial cooking equipment, industrial processing equipment, and residential appliances. The commercial cooking equipment side of Middleby does business with 97 out of the top 100 food service chains in the United States and internationally. ==Company history== The company was founded by Joseph Middleby and John Marshall in 1888 as a bakery supplier. The company made custom portable ovens for the bakery industry. Middleby sold the company to Marshall in the early 1900s.〔 The company was privately held by descendents of Marshall until it was purchased by a private company in 1976.〔 The company was purchased by TMC Industries Ltd. in 1983 and changed its name to The Middleby Corporation in 1985 and moved its headquarters to Elgin, Illinois in the late 1980s.〔 By 1996, the company had expanded its manufacturing base overseas and had opened a manufacturing and training facility employing 190 in Santa Rosa, Laguna, the Philippines. Sometime prior to 2006, the subsidiary Middleby Worldwide had been formed to manage international operations; Michael Valentino was named president of this unit in 2006. By 2006, the company had successfully streamlined operations to an extent allowing them to close two of its seven manufacturing facilities in the United States with no loss of product lines or capacity; this was in addition to three facilities shut down in 2001 and 2002. Also in the 2001 to 2006 period, the company's income yield from sales increased from about 3% to just over 10%, while it's stock valuation increased by over 15-fold,〔〔3% figure based on $3.5 million in income on $127 million in sales; 10% figure based on $31.3 million in income om $304.9 million in sales; 15-fold figure based on increase from $6 to $100 per share.〕 performance gains which were attributed to CEO Bassoul.〔 The Middleby Corporation was originally available for purchase on the NASDAQ over-the-counter market, and became listed on the American Stock Exchange in 1988. Its first public offering came in September 1997 with a share price offering of $10 on the NASDAQ. Selim Bassoul became the CEO of Middleby in January 2001.〔 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Middleby Corporation」の詳細全文を読む スポンサード リンク
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