New Port Richey, FL. - February 26, 2018 - Welbilt, Inc. (NYSE:WBT), a leading global provider of commercial foodservice equipment, today announced that it has entered into a definitive agreement to acquire 100 percent of the shares of Avaj International Holding AB (“Crem® International” or “Crem”), which is majority owned by private equity firms Priveq Investment Fund IV L.P. and SEB Venture Capital, for total consideration of approximately SEK 1,800 million, or approximately $224 million USD equivalent. The acquisition will be funded through cash on hand and existing credit lines and is expected to close in the second quarter of 2018, subject to certain closing conditions. ...