Welbilt

Welbilt stockholders approved the merger agreement with Ali Group with 99.72% of votes in favor. The companies will divest the Manitowoc Ice brand to address antitrust concerns, with the acquisition expected to close in early 2022.

Ali Group announced a definitive merger agreement to acquire Welbilt in an all-cash transaction for $24.00 per share, approximately $3.5 billion in equity value and $4.8 billion in enterprise value.

Welbilt has become the exclusive distributor in the United States and Canada of roll-in blast chillers from Nuovair, an Italy-based manufacturer.

The Middleby Corporation will acquire Welbilt, Inc. in an all-stock deal, creating a combined company with approximately $3.7 billion in 2020 sales. The transaction is expected to generate $120 million in operational improvements.

Welbilt Inc, a supplier of commercial foodservice equipment, and Halton Group, a technology leader in indoor air solutions for professional kitchens, have entered into a strategic alliance to integrate Halton's ventilation systems into Welbilt's equipment.