Ali Group Acquires Welbilt

Pentair Acquires Manitowoc Ice from Welbilt for $1.6 Billion

July 28, 2022

Manufacturing

Pentair plc has completed its acquisition of Manitowoc Ice from Welbilt, Inc. for $1.6 billion, subject to customary adjustments. The purchase brings Manitowoc Ice's ~800 employees, ~1 million installed units and broad commercial ice machine product line into Pentair to expand its commercial water solutions for foodservice and hospitality customers.

Ali Group Acquires The Montague Company (and Big Dawg Manufacturing LLC)

January 18, 2022

Manufacturing

The Ali Group, a global leader in commercial foodservice equipment, acquired The Montague Company and its related entity Big Dawg Manufacturing LLC. The deal, which closed on December 21, 2021, expands Ali Group's commercial cooking and refrigeration product portfolio and strengthens its presence in the North American foodservice equipment market; terms were not disclosed.

Worthington Enterprises Acquires 80% Stake in HALO Products Group

February 1, 2024

Consumer Products

Worthington Enterprises has acquired an 80% ownership stake in an affiliate of HALO Products Group, adding HALO-branded pizza ovens, pellet grills, griddles and accessories to its consumer/outdoor-living portfolio. HALO is based in Elizabethtown, Kentucky, employs about 25 people and generated approximately $7 million in revenue in 2023; the deal is intended to expand Worthington's presence in the outdoor living segment and leverage its ecommerce, marketing and retail relationships to grow the HALO brand.

Alinabal Group Acquires ERW, Inc.

March 25, 2024

Manufacturing

Alinabal Group has acquired ERW, Inc., a Putnam, Connecticut-based precision sheet metal fabricator and machined products manufacturer that has served the aerospace and medical device industries since 1985. The acquisition expands Alinabal Group's domestic manufacturing footprint and adds in-house welding, fabrication and machining capabilities to support OEM customers across aerospace, defense and medical end markets.

Worldwide Logistics Group Acquires P. W. Bellingall

May 23, 2023

Logistics & Distribution

Worldwide Logistics Group (WWL) has acquired P. W. Bellingall, Inc. (PWB), a San Francisco–based customs brokerage house, to strengthen WWL’s in‑house customs brokerage capabilities and establish a presence in Northern California. The acquisition allows WWL to offer customs brokerage directly to PWB’s food & beverage and coffee customers while integrating PWB’s niche expertise into WWL’s global logistics services.

Fosbel (The Anderson Group Portfolio) Acquires Wahl Refractory Solutions

December 7, 2020

Manufacturing

Fosbel, a portfolio company of The Anderson Group, has acquired the assets of Wahl Refractory Solutions and will continue operating out of Wahl’s Fremont, Ohio manufacturing plant. The acquisition vertically integrates Fosbel’s supply chain and enables expansion into new end markets such as cement and aluminum.