Welbilt Board Determines That Revised Proposal From Ali Group is a “Company Superior Proposal”

July 7, 2021 Welbilt

Under the terms of the Revised Unsolicited Proposal, Ali Group would acquire all of the outstanding shares of Welbilt common stock for $24 per share in cash, an increase from the previously disclosed $23 per share cash proposal made by Ali Group on May 25, 2021, which implies an enterprise value of approximately $4.8 billion.

US Foods Announces New Chief Information and Digital Officer

US Foods Holding Corp. (NYSE: USFD) today announced that John Tonnison (“JT”) will join the company as Executive Vice President, Chief Information and Digital Officer, effective July 12, 2021. Tonnison will oversee the company’s technology vision and strategy and all information technology functions, including digital, cyber security, applications and infrastructure. He will report to Chairman and Chief Executive Officer Pietro Satriano.

Q Performance Launches Quality Cleaning Solutions Formulated for Foodservice Industry Distributors, Manufacturers, and Operators

July 7, 2021 Q Performance

Q Performance LLC debuts its comprehensive product line of industrial chemical solutions, designed for the highest-quality cleanliness throughout the foodservice industry.

Alto-Shaam Announces New Director of Regional Key Accounts

July 7, 2021 Alto-Shaam

In this role, Rodgers will lead Alto-Shaam’s U.S. Regional Key Accounts team to identify, develop and manage sales relationships.

Save Foods Inc. Tackling Food Waste Challenge

July 7, 2021 Save Foods Inc.

Save Foods Inc. is moving from nine successful pilot trials with five commercial partners to sales of its products as it looks to capture share in the $2.6 billion post-harvest treatment market.