Manitowoc Foodservice changes name to Welbilt

Manitowoc Foodservice is rebranding the company, its logo and its brand identity to Welbilt, Inc. The ticker symbol will change to “NYSE:WBT” on March 6. The change is part of the company’s strategic repositioning after it spun off from its former parent company, The Manitowoc Company, in March 2016.

“Rooted in the Hirsch brothers’ innovative stove in 1929, Welbilt developed to become the first company in the industry pursuing a complete systems approach. The name Welbilt uniquely connects our past with our vision of the future,” said Hubertus M. Muehlhaeuser, president and CEO of Manitowoc Foodservice. “Our primary objective is to continue offering a complete solution for the entire kitchen with high-quality products supported by excellent service that help our customers’ kitchens reach their full potential. As we continue to innovate and grow, we will always remain grounded in our long history.”

Welbilt has a portfolio of both hot and cold foodservice equipment in the industry, from ovens, fryers, steamers, grills, ranges and induction cooktops to beverage dispensing, blending, refrigeration and ice-making equipment. In 2016, the company released 23 product innovations. Among others, the company received two National Restaurant Association Kitchen Innovation Awards and a variety of customer appreciation awards. The company has also been an ENERGY STAR Partner of the Year since 2009.

Upon the effectiveness of the name change on March 6, Welbilt (NYSE:WBT) shares will trade using the CUSIP number 949090 10 4.