Middleby Rumored to Be In Talks to Sell a Majority Stake in Grill Brands

It’s been a tough go for Middleby’s grill brands. Middleby bought Masterbuilt, Char-Griller, and Kamado Joe during the Pandemic which grill companies had record sales.

Fast-forward four years and there’s a stretched consumer, high tariffs, and lows in housing sales. Despite releasing some innovative products, those factors have prevented them from realizing the volume and the margin profile from their strategy.