Ali Group, a manufacturer of foodservice equipment, completed its acquisition of Welbilt. With this transaction, Welbilt’s common stock stopped trading as of the close of trading on July 28 and is no longer listed on the New York Stock Exchange.

“The completion of this transaction is an important milestone in Ali Group’s history and marks the beginning of our next chapter of growth,” Filippo Berti, chairman and CEO of Ali Group, said. “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.”

Goldman Sachs served as Ali Group’s exclusive financial advisor, with financing provided by Goldman Sachs International and Mediobanca. Alston & Bird served as legal and regulatory advisor. White & Case provided legal assistance on banking matters.