Ali Group: Completes Acquisition of Welbilt

Milan / IT. (ali) Ali Holding S.r.l., one of the largest and most diversified global leaders in the foodservice equipment industry, announced that it has completed its previously announced acquisition of Welbilt Inc.

«The completion of this transaction is an important milestone in Ali Group’s history and marks the beginning of our next chapter of growth,» said Filippo Berti, Ali Group Chairman and Chief Executive Officer. «Welbilt brings to Ali Group a rich heritage, talented team and an expansive portfolio of industry-leading foodservice solutions. With greater scale, an enhanced worldwide footprint and a highly complementary and comprehensive portfolio of premier brands across the entire foodservice value chain, we are well positioned to capitalize on the significant growth opportunities ahead. We are excited to welcome the talented Welbilt team to the Ali Group family and look forward to leveraging our strong global presence as we build on our culture of quality and innovation.»

Now Welbilt’s common stock has ceased trading as of the close of trading on July 28, 2022 and is no longer listed on the New York Stock Exchange. Goldman Sachs + Co. LLC served as Ali Group’s exclusive financial advisor, with financing provided by Goldman Sachs International and Mediobanca. Alston + Bird served as legal and regulatory advisor. White + Case provided legal assistance on banking matters.