Middleby Corporation shares fall 1.85% intraday after acquiring Frigomeccanica S.p.A.

The Middleby Corporation dropped 1.85% in intraday trading, following the announcement of its acquisition of Frigomeccanica S.p.A. This acquisition expands Middleby's portfolio of food processing equipment innovations, enhancing its offerings for the growing protein industry. Frigomeccanica, a global leader in equipment solutions for drying, defrosting, fermentation, refrigeration, and preservation, serves categories where Middleby is currently expanding, including dried meats and cured products.