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MANITOWOC FOODSERVICE BEGINS TRADING AS WELBILT

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CEO will ring the opening bell at the New York Stock Exchange on 10 March to celebrate the name change

Manitowoc Foodservice, Inc. announced on 6 March it has completed its previously-announced name change to Welbilt, Inc. and will begin trading today on the New York Stock Exchange. The company will trade under the new ticker WBT.

Current shareholders will have their existing shares converted from MFS shares to WBT shares automatically. To celebrate its name change and new ticker, Welbilt will ring the Opening Bell at the New York Stock Exchange on Friday 10 March.

Strategic repositioning

“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 M. Muehlhaeuser, president and CEO of Welbilt.

“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,” he says.

About Welbilt, Inc.:

Welbilt offer fully-integrated kitchen systems and its products are backed by KitchenCare® aftermarket parts and service. Headquartered in the Tampa Bay area, Florida, and operating 17 manufacturing facilities throughout the Americas, Europe and Asia, the company sells through a global network of over 3,000 distributors and dealers in over 100 countries. The company has approximately 5,500 employees and generated sales of $1.46 billion in 2016.