The Elgin, Illinois-based Middleby Corporation, a leading worldwide manufacturer of equipment solutions for commercial foodservice, food processing, and residential kitchens, has announced the acquisition of the Darmstadt, Germany-based Oka-Spezialmaschinenfabrik GmbH & Co. KG (Oka), expanding its portfolio of Middleby Food Processing equipment innovations. It was scheduled to take effect on 30 December 2024, but this was postponed due to technical problems. For the timber supply chain, which also includes paper bags, the new deadline is now 30 December 2025.

Oka is a leading designer and manufacturer of industrial extrusion, molding, depositing and cutting industrial production equipment in bakery, confectionery and pet-food markets. The company has annual revenues of 12 million USD.

“Oka is a perfect complement and strategic fit, adding important product categories to our solutions for bakery customers. Oka is known for its advanced engineering capabilities, with an ability to provide unique and high-value customer-driven solutions,” said Tim FitzGerald, Middleby CEO. “We expect meaningful sales synergies, as this further enhances our full-line bakery solution offerings to new and existing customers, while also expanding Oka’s reach beyond the German market.”

The acquisition further strengthens Middleby’s ability to provide long term shareholder value in the food processing business after the spinoff is completed in 2026. The Middleby Corporation develops and manufactures a broad line of solutions used in commercial foodservice, food processing, and residential kitchens. Middleby showcases its advanced solutions in the Middleby Innovation Kitchens for commercial foodservice, industrial baking and protein Innovation Centers for food processing solutions and state-of-the-art, award-winning Middleby Residential showrooms. In other recent news, Middleby Corporation reported its results for the second quarter of 2025, which showed mixed performance. The company's adjusted earnings per share (EPS) were 2.35 USD, slightly exceeding analysts' expectations of 2.29 USD. However, revenue of 977 USD million fell short of the forecast of 980.67 million USD. The Food Processing segment performed well, with revenue approximately 9% above consensus, while the Commercial Foodservice and Residential Kitchen segments reported revenue that was approximately 2% below expectations. Canaccord Genuity responded by lowering its price target for Middleby from 186.00 USD to 162.00 USD, but maintained its “buy” rating. The adjustment reflects concerns about the impact of tariffs on the company's performance. These developments point to a cautious outlook for the company, with analysts closely monitoring the impact of tariffs on future earnings.