Welbilt Provides Update on Acquisition by Ali Group

October 5, 2021 Welbilt

Welbilt, Inc. (NYSE:WBT) announced that the proposal to adopt and approve the Merger Agreement with Ali Holding S.r.l., Ali Group North America Corporation and Ascend Merger Corp. (collectively “Ali Group”) was approved today by Welbilt stockholders with 99.72 percent of shares that were voted cast in favor of the pending merger.

Welbilt Announces the Passing of Executive Vice President and Chief Innovation Officer Richard N. “Rick” Caron

September 7, 2021 Welbilt

Welbilt, Inc. (NYSE:WBT), announced today that Richard N. “Rick” Caron, Executive Vice President and Chief Innovation Officer, passed away on September 2nd following a brief non-Covid related illness. Mr. Caron, 65, served as the head of innovation and technology since joining Welbilt’s predecessor company Enodis in 2005.

Demand for Efficient Order Handoff Inspires OrderHQ Lockers

September 2, 2021 Apex Order Pickup Solutions

Apex Order Pickup Solutions, a leading global provider of self-serve automated pickup solutions for use in foodservice, retail and b-to-b ecommerce, and Welbilt, Inc. (NYSE:WBT), a leading global provider of commercial foodservice equipment, today announce the launch of OrderHQ™, a smart locker series that integrates with existing point of sale and other back-of-house management systems to make it easier for restaurants to offer quick and convenient order pickup experiences.

Ali Group and Welbilt Announce Definitive Merger Agreement

July 20, 2021 Ali Group

Ali Holding S.r.l., one of the largest and most diversified global leaders in the foodservice equipment industry, and Welbilt, Inc. announced that they have entered into a definitive merger agreement under which Ali Group will acquire Welbilt in an all-cash transaction for $24.00 per share, or approximately $3.5 billion in aggregate equity value and $4.8 billion in enterprise value.

Middleby Will Not Increase Offer to Acquire Welbilt

The Middleby Corporation announced that, under the terms of its previously announced Merger Agreement with Welbilt, Inc., it will not exercise its right to propose any modifications to the terms of the Merger Agreement and will allow the five-day match period to expire.