Middleby To Buy Big Residential Outdoor Cooking Brands Kamado Joe and Masterbuilt

Middleby Corp., Elgin, Ill., said Dec. 6 that it will buy Masterbuilt Holdings, which owns leading residential outdoor cooking equipment brands Kamado Joe and Masterbuilt, for $385 million in cash. The deal for the company, which will have estimated sales of $250 million in 2021 and is based in Chamblee, Ga., is expected to close…