Middleby Corp. Agrees To Acquire Welbilt Inc.

In what is without question the single largest deal in the history of the foodservice equipment business, Middleby Corp. and Welbilt Inc. announced April 21 that they have entered into a definitive agreement under which Middleby will acquire Welbilt in an all-stock transaction. In the press release announcing the deal, Middleby said, “This transaction will…