U.K.’s CMA Investigating Ali Group’s Anticipated Acquisition of Welbilt

Untitled design 85
Courtesy of Canva.

The U.K.’s Competition and Markets Authority is investigating the anticipated acquisition by Ali Group of Welbilt due to competition concerns.

The agency says it launched the investigation to determine whether the merger of the two commercial foodservice equipment manufacturers would “result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.”

The CMA is inviting comments on the transaction from interested parties through March 24.

Just last week, Welbilt announced it was selling its Manitowoc Ice brand to Pentair for approximately $1.6 billion to address concerns raised by the U.S. Department of Justice and said it expected both the sale and the merger to close in the first half of 2022.

“We are confident that the successful closing of this transaction will pave the way for Welbilt to complete its sale to Ali Group, while Manitowoc Ice will benefit from Pentair’s focus on water solutions and its diversified customer base and product lines,” said Welbilt at the time.

Welbilt and Ali Group entered into a definitive merger agreement last July.

RELATED CONTENT

PapaJohns

Papa Johns Brings Kiosks, More to 8 International Stores

Papa Johns’ international restaurants are keeping up with the times, and with some of their North American counterparts, through a new design announced this week. The first of eight international…

Carmelo ScorpoWEB

TriMark Adams-Burch Promotes Three Individuals

The Maryland-based dealership has named a vice president of equipment and design and several sales directors.

- Advertisement -

- Advertisement -

- Advertisement -

TRENDING NOW

- Advertisement -

- Advertisement -

- Advertisement -