Italian food-service equipment maker Ali group secured conditional EU antitrust approval on Friday for its $3.4 billion for Welbilt (WBT) after agreeing to sell its U.S. rival's global ice-making machine business. The European Commission said the asset divestment included three manufacturing facilities in China, Mexico and the United States.
UK's Competition and Markets Authority: * COMPETITION AND MKTS - MERGER UPDATE: ALI/WELBILT (WBT). * CMA: TO LOOK AT ALI GROUP AND WELBILT UNDERTAKINGS OFFER IN DETAIL. * CMA: NOW HAS UNTIL 22 AUGUST 2022 TO DECIDE WHETHER TO ACCEPT UNDERTAKINGS, WITH POSSIBILITY TO EXTEND THIS TIMEFRAME TO 18 OCTOBER 2022.
Welbilt, Inc. (WBT), a leading provider of commercial equipment and cloud device management for the foodservice industry, is proud to announce today the launch of the Largest Smart Restaurant Ecosystem. This press release features multimedia. The foodservice equipment industry is in the midst of the largest digital transformation in history.
Welbilt, Inc., designs, manufactures, and supplies foodservice equipment for commercial foodservice market worldwide. The company offers commercial upright and undercounter refrigerators and freezers, blast freezers and chillers, and cook-chill…
Welbilt, Inc., designs, manufactures, and supplies foodservice equipment for commercial foodservice market worldwide. The company offers commercial upright and undercounter refrigerators and freezers, blast freezers and chillers, and cook-chill systems under the Delfield brand; and walk-in refrigerators, coolers and freezers, and prefabricated cooler and freezer panels under the Kolpak brand. It also provides traditional, combination, convection, conveyor, and rapid-cooking ovens, and range and grill products under the Convotherm, Garland, Lincoln, Merrychef brands, and other brand names; fryers and frying systems under the Frymaster brand; and steam equipment under the Cleveland brand. In addition, the company offers a range of cafeteria and buffet equipment stations, bins, boxes, warming cabinets, warmers, display and deli cases, insulated and refrigerated salad, and food bars under the Delfield, Merco, and other brand names; beverage dispensers, blended ice machines, ice/beverage dispensers, beer coolers, post-mix dispensing valves, backroom equipment, and support system components and related equipment; ice machines under the Manitowoc and other brand names; coffee equipment under the Crem brand name; and other beverage-related products under the Multiplex and Manitowoc brand names. Further, it provides after-market parts, installation and start-up, and preventative maintenance services under the KitchenCare brand; kitchen systems under the FitKitchen brand; and KitchenConnect, a cloud-based application. It supplies its products to full-service restaurants, quick-service restaurant chains, hotels, resorts, cruise ships, caterers, supermarkets, convenience stores, hospitals, schools, and other institutions through dealers and distributors. The company was formerly known as Manitowoc Foodservice, Inc. and changed its name to Welbilt, Inc. in February 2017. Welbilt, Inc. was founded in 1864 and is headquartered in New Port Richey, Florida.
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