Grilling company Weber is being taken private in a deal valued at about
Investment funds managed by
Weber's board has approved the transaction, which is expected to close in the first half of next year.
Weber, based in
Weber began in 1952 when
He decided to use one of the half spheres, put legs on it, punch holes in the bottom for air flow and put a lid on top. That is how the kettle grill was born, according to Weber’s website. It has since gone on to create various types of grills and grilling accessories.
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