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The Middleby Corporation to Acquire Welbilt, Inc.
April 21, 2021 GMT
ELGIN, Ill. & NEW PORT RICHEY, Fla. (BUSINESS WIRE) Apr 21, 2021
The Middleby Corporation (NASDAQ: MIDD) and Welbilt, Inc. (NYSE: WBT) have entered into a definitive agreement under which Middleby will acquire Welbilt in an all-stock transaction, enhancing the Middleby Commercial Foodservice platform with an attractive portfolio of products, brands and technologies. This transaction will bring together two complementary businesses, accelerate the Middleby growth strategy into key markets globally and increase core capabilities in highly attractive segments.