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Welbilt Shareholders Approve Acquisition By Ali Group, Company Will Sell Manitowoc Ice

Written by The Ashton Report

Welbilt Inc. the global multibrand foodservice equipment company based in New Port Richey, Fla., announced last week, in an update on its pending acquisition by Milan, Italy- and Vernon Hills, Ill.-based Ali Group, that it will sell its category-leading Manitowoc Ice division to ease regulatory approvals of the deal in both the US and Europe….

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