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Weber and Blackstone Merger

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    Weber and Blackstone Merger


    #2
    Interesting, considering Weber has forayed into the griddle market. Of course, having more than one brand doing the same thing in similar or different ways has worked for others in the past.

    Comment


      #3
      Wow! This is very interesting. I am very curious to see what changes come from this move.

      Comment


        #4
        Hmm. So the Blackstone CEO takes over the combined company and Weber CEO retires after only about two years on the job.

        No word in the press release about what name the combined company will use. I wonder why.

        Comment


          #5
          As a relatively new Weber Slate owner, I will be very interested to see what happens to that product and support of it. Probably nothing to worry about, but …..

          Comment


            #6
            I was afraid of something like this being in store for Weber once they were taken over by venture capital in 2010, then went public in 2021, floundering in the stock market for 2 years before going private again.

            The press release says both brands will continue under their current branding. I bet we will get some consolidated corporate name like "Blackstone Weber" or "Weber Blackstone Products". Who knows. While for ME, Weber would be the premier of the two names, for the folks born since 2000, Blackstone is likely the more known brand. I guarantee you Blackstone probably moves more griddles than Weber moves gas grills.

            I think Weber will stand behind any griddles sold and under warranty, but think we will see a shift away from griddles under the Weber brand name, as it would cannibalize sales of the Blackstone griddles.

            Comment


            • RonB
              RonB commented
              Editing a comment
              Other name possibilities include Webstone, Weblack, Blackweb, and Blackber.

            #7
            The funny thing is the number of people who were up in arms thinking this was Blackrock

            Comment


            • yakima
              yakima commented
              Editing a comment
              And, don't confuse Blackstone, a private equity firm, with either Blackstone Products (griddles), or Blackrock.

            #8
            It looks like Weber went public, then a private equity firm took it private, acquired all the stock, and installed their man as CEO.

            Blackstone Products looks like it is private, with the founder (Dahle) holding significant equity (which will continue), with a different private equity firm also involved.

            No indication, that I can find, as to whether one of the private equity firms will bow out.

            Looks like Dahle will be the one individual with a significant ownership interest.

            Comment


            • yakima
              yakima commented
              Editing a comment
              The tell may be whether combined corporate headquarters moves from Illinois to Utah.

            #9
            Very Interesting. Weber must have been ripe for the picking. Wonder what's instore for the good folks in Palatine, IL?

            Comment


              #10
              All the talk now is nice nice. The hammer is sure to come down soon. Chicago labor rate vs Utah. Who knows!

              Comment


                #11
                I think the product lines could be condensed to maybe 2-3 options per format and the manufacturing efficiencies could be considerable.

                Comment


                  #12
                  The 70th Anniversary Weber kettle I bought just went up in value. Probably will fetch twice as much for what I paid for it in 20 years. Of course, I'll be dead by then.

                  It will be interesting to see what new products come out of this.

                  Comment


                  • Alan Brice
                    Alan Brice commented
                    Editing a comment
                    Heirloom!

                  • Huskee
                    Huskee commented
                    Editing a comment
                    20 yrs for a $200 ROI isn't bad...or is it??

                  #13
                  Go Oklahoma Joe's!!

                  Comment


                    #14

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                      #15
                      A guy I know in the biz has for a few years now been calling them the worst-run company with the best product. Maybe this will turn it around for them.

                      Comment


                      • Alan Brice
                        Alan Brice commented
                        Editing a comment
                        That is ripe for a takeover.

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