Middleby to Discontinue Brewing Unit
Dow Jones2026/09/09 20:57By Katherine Hamilton
Middleby is discontinuing its brewing and distilling business.
The business, which includes Deutsche Beverage + Process, Ss Brewtech and Wild Good Filling, is set to wind down by the end of this year.
The decision was the result of an increased focus on simplifying the company based on long-term growth and margin potential, Middleby said Wednesday.
Last year, the brewing business represented $24 million of the company's total sales and operated at a loss of $9 million in adjusted earnings before interest, taxes, depreciation and amortization.
Middleby reaffirmed its prior guidance, and said discontinuation of the brewing business would be immaterial.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
September 09, 2026 16:57 ET (20:57 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analyzing Bittensor’s 7% drop after its Raydium rally – What’s next for TAO?
Hyperscale Data Executive Chairman Milton C. Ault III buys USD 5,252 of common shares
Will Gold Price Fall Below $4,000 Amid Renewed Economic Risks?
IonQ director and special advisor Raymond John w sells USD 89,578.47 in common shares
Crypto prices
More
