Middleby and Welbilt Merger Announced, With Transaction To Close Later in the Year
Middleby and Welbilt have announced awhile ago that they have entered into a definitive agreement whereby Middleby will acquire Welbilt in an all-stock merger transaction.
The combination of Middleby and Welbilt will bring many new opportunities to expand our product offerings to best support your future needs. The complementary nature of our businesses will enable the company to accelerate innovation, expand our product portfolio, and provide you with the highest level of sales, customer, and technical support globally.
“Please know that your interests and partnership remain our top priority during this time," writes William C Johnson, President and CEO of Welbilt. "We are confident this acquisition will be positive for your business, and we understand there will be many questions. We will do our very best to address all your questions, but there will be some we cannot answer until the transaction closes, which we expect to be later this year. Until then, Middleby and Welbilt will continue to operate as separate companies with their responsibilities and management structures unchanged."
"We would like to thank you, our loyal customers, for your dedication to the Welbilt brands now and in the future. Your support is important to us as we embark on this strategy to strengthen our business for the long term. We hope you share in our excitement for the future.”
