Middleby is rewarded for buying AGA, and it’s been about time someone was. As Middleby acquires AGA Range (and all of the other orphan brands that AGA includes) Middleby’s stock continues to ride high, nearly doubling in value since September 2014.
It is an interesting mix and match assortment of brands which includes the dessicated, the exhausted and the lame……and yet it seems to be a winning formula for investors.
The Guardian reported that AGA sells 150 of its classic ranges each year into the United States, roughly the same number as children who’s tongue is frozen to flagpoles each winter in the United States.
Jade, Dynasty, TurboChef, Cooktek, AGA, Northland, Marvel, Rangemaster, Le Cornue, Heartland