Ali Group gains conditional EU approval for $3.4B Welbilt acquisition

Italian food-service equipment maker Ali Group secured conditional EU antitrust approval for its $3.4 billion acquisition of Welbilt, agreeing to divest Welbilt's global ice-making machine business including three manufacturing facilities in China, Mexico and the United States.

“Following the transaction, the combined entity would become the largest manufacturer and supplier of ice-making machines in the EEA and would have faced limited competition.”reuters.com

• 2 sources
• reuters.comAli Group gains conditional EU nod for $3.4 billion Welbilt acquisitionJun 17, 2022
• cateringinsight.comAli Group is all smiles after finally nudging Welbilt deal over the lineAndrew SeymourAug 1, 2022

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