It’s Official: Manitowoc Is Now Welbilt
Monday, March 6, marked the official name change of Manitowoc Foodservice to Welbilt Inc. To celebrate its name change and new ticker, Welbilt—now trading as WBT—rang the opening bell at the New York Stock Exchange on March 10.
“Today’s name change to Welbilt completes the strategic repositioning of our company following its spin-off from The Manitowoc Company a year ago,” says Hubertus Muehlhaeuser, Welbilt’s President and CEO. “The Welbilt name has been enthusiastically received by our customers and employees since it was announced last month. We can now move forward to achieve our vision of being the leader in professional foodservice equipment and systems by being relentlessly reliable, pragmatically innovative, and intelligently connected.”
Welbilt operates 17 manufacturing facilities throughout the Americas, Europe and Asia, and sells through a global network of more than 3,000 distributors and dealers in 100-plus countries. Its portfolio of brands includes Cleveland, Convotherm, Delfield, fitkitchen, Frymaster, Garland, Kolpak, Lincoln, Manitowoc Ice, Merco, Merrychef, and Multiplex.