USA –The Middleby Corporation, a cooking and industrial process equipment company, has agreed to acquire foodservice equipment manufacturer Welbilt, for about US$2.9 billion in an all-stock deal to beef up its commercial foodservice platform. Welbilt provides chefs, premier chain operations and independents with food equipment, beverage dispensing and refrigeration solutions under brands such as Cleveland, Frymaster, Kolpak and Multiplex. The companies said in a joint statement that the new combined entity will have about US$3.7 billion in combined sales for 2020, of which 73% come from the commercial foodservice segment.…
Read MoreMiddleby enhances commercial foodservice platform following merger with Welbilt in US$4.3bn deal
