Press Release Details

Two Welbilt Brands Join NexGen Procurement Group

May 01, 2018

Cleveland™ and Delfield® approved as NexGen manufacturers

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)-- Welbilt, Inc. (NYSE:WBT), a leading global provider of commercial foodservice equipment, announced that it has reached an agreement with NexGen Procurement Group for Cleveland™ and Delfield® to become the primary suppliers in the categories of steam, refrigeration and serving systems, effective July of 2018.

NexGen is the largest professional foodservice equipment procurement group representing some of the industry’s top distribution giants serving a very diverse customer base. NexGen’s exclusive and differentiated supply commitments within the industry enhances the value stream for both manufacturers and customers. Their members have continued to expand their distribution footprint, service offerings and customer base through acquisitions and associated strategic relationships.

Cleveland will be the primary supplier of steam products including braising pans, tilt skillets, and steam-jacketed kettles. Delfield will be the primary supplier of refrigeration including a full range of custom fabrication products and serving systems.

“We are very humbled and excited to be a part of the NexGen Procurement Group. Welbilt is very committed to the distribution channel and this strategic alliance between two leading partners will uniquely position both to deliver value and continued innovation to ultimately provide winning solutions to our mutual customers,” stated Hubertus Muehlhaeuser, Welbilt’s President and CEO.

“This is a great recognition for Welbilt’s focus on being the best possible supplier for our customers. We are very pleased to join the NexGen team and believe this opportunity will allow us to earn close, strategic partnerships within the channel and help us deliver the best solutions in the commercial foodservice space,” commented Josef Matosevic, Welbilt’s Senior Vice President and Chief Operating Officer.

About Welbilt, Inc.

Welbilt, Inc. provides the world’s top chefs, premier chain operators and growing independents with industry-leading equipment and solutions. Our innovative products and solutions are powered by our deep knowledge, operator insights, and culinary expertise. We offer fully-integrated kitchen systems and our products are backed by KitchenCare® aftermarket parts and service. Headquartered in the Tampa Bay region of Florida and operating 17 manufacturing facilities throughout the Americas, Europe and Asia, the company sells through a global network of over 3,500 distributors and dealers in over 100 countries. We have approximately 5,400 employees and generated sales of $1.45 billion in 2017. Our portfolio of award-winning brands includes Cleveland™, Convotherm®, Crem®, Delfield®, FitKitchen®, Frymaster®, Garland®, Kolpak®, Lincoln™, Manitowoc® Ice, Merco®, Merrychef® and Multiplex®. For more information, visit www.welbilt.com.

Source: Welbilt, Inc.

Welbilt, Inc.

Rich Sheffer, 1-727-853-3079

Vice President Investor Relations, Risk Management and Treasurer

Richard.sheffer@welbilt.com

2227 Welbilt Blvd.
New Port Richey, FL
34655

Toll Free: 877-375-9300

Phone: 727-375-7010

Fax: 727-375-0472

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