Ali Group, a provider of foodservice equipment, completed the acquisition of Welbilt, a provider of foodservice equipment and solutions, for $4.8bn. “The completion of this transaction is an important milestone in Ali Group’s history and marks the beginning of our next chapter of growth. Welbilt brings to Ali Group a rich heritage, talented team and an expansive portfolio of industry-leading foodservice solutions. With greater scale, an enhanced worldwide footprint and a highly complementary and comprehensive portfolio of premier brands across the entire foodservice value chain, we are well positioned to capitalize on the significant growth opportunities ahead. We are excited to welcome the talented Welbilt team to the Ali Group family and look forward to leveraging our strong global presence as we build on our culture of quality and innovation," Filippo Berti, Ali Group Chairman and CEO.