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THE MIDDLEBY CORPORATION

THE MIDDLEBY CORPORATION 1400 Toastmaster Drive, Elgin, Illinois 60120 (847) 741 3300 The MIDDLEBY CORPORATION To acquire Taylor Company ELGIN, Ill. (May 18, 2018) The MIDDLEBY CORPORATION (NASDAQ: MIDD) today announced that it has entered into a definitive agreement to acquire the Taylor Company from UTC Climate, Controls & Security, a unit of United Technologies for $ billion. Taylor is a world leader in beverage solutions, soft serve and ice cream dispensing equipment, frozen drink machines, and automated double sided grills.

THE MIDDLEBY CORPORATION 1400 Toastmaster Drive, Elgin, Illinois 60120 (847) 741‐3300 The Middleby Corporation To Acquire Taylor Company ELGIN, Ill. (May 18, 2018) ‐ The Middleby Corporation (NASDAQ: MIDD) today announced that it has

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