Baron Funds Comments on Middleby Corp

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May 02, 2014

The Middleby Corp. (MIDD, Financial), a leading manufacturer of food equipment, reported strong full year earnings, including more than 10% organic sales growth, well ahead of most of its industrial peers. The superior growth is demonstrative of Middleby's strong product technology and the value that the company brings to its customers. Management continues to be enthusiastic regarding the company's growth prospects and new product introductions in 2014. (Rebecca Ellin)

From Baron Funds' first quarter 2014 letter to investors.