Manitowoc Foodservice Inc. announced today that it has completed its name change to Welbilt Inc. and will begin trading today on the New York Stock Exchange with the new ticker, WBT. Shareholders will have their existing shares converted from MFS shares to WBT shares automatically, according to a company press release.
To celebrate its name change and new ticker, Welbilt will ring the opening bell at the New York Stock Exchange on March 10.
"Today's name change to Welbilt completes the strategic repositioning of our company following its spin-off from The Manitowoc Company a year ago," Hubertus M. Muehlhaeuser, president and CEO of Welbilt, said in the release. "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."
Welbilt is the platinum sponsor of the Restaurant Franchising & Innovation Summit, March 28-30 in Dallas.
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