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Weber ran into financial trouble shortly after it went public in August 2021. Sales of its grills and other outdoor cooking products had soared amid the pandemic when people were stuck at home.
Outdoor grills maker Weber Inc on Monday filed paperwork with U.S. regulators for an initial public offering, revealing a 62% year-on-year growth in revenue for the six months ended March 31.
Weber Inc , known for its domed charcoal grill, said on Monday it had agreed to be taken private by controlling shareholder BDT Capital Partners LLC in a $3.7 billion deal.
Weber launched its first grill in 1952. Since 2010, it’s been majority owned by BDT Capital Partners, the Chicago-based investment firm and merchant bank founded and led by Byron Trott.
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