NEW PORT RICHEY, Fla.— Manitowoc Foodservice, Inc. is rebranding the company, its logo and its brand identity to Welbilt, Inc. The ticker symbol will change to “NYSE:WBT” on Mar. 6, 2017. The new name and brand represent a long-standing commitment to put customers’ needs first. 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.
“We are excited to announce the changing of our name to Welbilt, Inc., which further strengthens our corporate identity as a stand-alone company,” says Hubertus M. Muehlhaeuser, president and CEO of Manitowoc Foodservice. “Welbilt reflects our promise and commitment to bringing innovation to the table. 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. 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 full potential.As we continue to innovate and grow, we will always remain grounded in our long history.”
Upon the effectiveness of the name change on March 6, 2017, Welbilt, Inc. (NYSE:WBT) shares will trade using the CUSIP number 949090 10 4.
