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The Middleby Corporation today announced the expansion of its Board of Directors with the appointment of Stephen Scherger and Tejas Shah. Mr. Scherger is Chief Financial Officer of Graphic...
Press release content from Business Wire. The AP news staff was not involved in its creation. 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 business...