Item 1.01. Entry into a Material Definitive Agreement.



On March 3, 2022, Welbilt, Inc., a Delaware corporation (the "Company"), entered
into a Purchase Agreement (the "Purchase Agreement") with Pentair Commercial Ice
LLC, a Delaware limited liability company (the "Buyer"), and Pentair plc, an
Irish public limited company. Upon the terms and subject to the conditions set
forth in the Purchase Agreement, the Company agreed to sell and assign to Buyer
or its designee certain assets, equity interests, rights, properties and
liabilities comprising the Company's Manitowoc Ice business for a purchase price
of $1.6 billion (the "Transaction"), subject to certain adjustments. The
Purchase Agreement contains customary representations, warranties and covenants
of the parties thereto. The completion of the Transaction is subject to the
satisfaction or waiver of customary closing conditions, including (i) receipt of
applicable regulatory approvals, and (ii) the substantially concurrent closing
of the previously announced Agreement and Plan of Merger pursuant to which the
Company has agreed to merge with a subsidiary of Ali Holding S.r.l. ("Ali"),
becoming a wholly owned subsidiary of Ali.

Item 8.01. Other Events

On March 3, 2022, the Company issued a press release in connection with the announcement of the Transaction. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.



(d)  Exhibit
    Exhibit
      No.                                                Description

      99.1                Press Release dated     March     3    , 202    2    ,     issued by
                          Welbilt, Inc.
      101               Interactive data files pursuant to Rule 405 of

Regulation S-T, formatted in


                        Inline Extensible Business Reporting Language

("iXBRL")


      104               Cover page interactive data file (formatted in

iXBRL and contained in Exhibit


                        101)



                                       2

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