Middleby Corp. (MIDD) announced the acquisition of Stewart Systems Global, LLC, a manufacturer of baking systems for the food processing industry with annual revenues of approximately $30 million.
"This addition is highly complementary to our recent acquisitions of Auto-Bake and Baker Thermal Solutions. We are providing customers a broader portfolio of patented technologies and an integrated baking system," said Selim Bassoul, Chairman and CEO of the Middleby.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.