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Ali Group makes $3.3 bln cash bid for U.S. rival Welbilt

The proposal topps a buyout bid made by rival Middleby Corp last month

In response to media reports, the Italian Ali Holding S.r.l. (Ali Group, with important brands, like Carpigiani, Rancilio, etc), one of the largest and most diversified global leaders in the foodservice equipment industry, confirmed that on May 25, 2021, it submitted to the Board of Directors of Welbilt, Inc. a proposal under which Ali Group would acquire all of the outstanding shares of Welbilt common...

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EFA News - European Food Agency
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