Weber and Blackstone announced a “definitive agreement” to merge their businesses, combining two industry leaders in outdoor cooking. The transaction, which is expected to close in early 2025 pending regulatory approval, will unite Weber’s globally recognized grilling portfolio with Blackstone’s outdoor griddle offerings.
Weber, founded over 70 years ago, is known as a pioneer in outdoor grilling, offering a diverse range of products, including charcoal and gas grills, smokers, and accessories. Operating in more than 70 countries, the company has established a global footprint in the outdoor cooking market.
Blackstone, founded in 2008, is a company focused on outdoor griddles, known for its user-friendly, and affordable products that appeal to consumers seeking versatile cooking solutions.
The merger aims to leverage the strengths of both brands while maintaining their distinct identities. By combining their resources and expertise in product development, the companies plan to expand their portfolios, delivering a broader range of outdoor cooking products. Blackstone’s products will also benefit from Weber’s global distribution network, opening opportunities for international growth.
“We share Blackstone’s customer-centric emphasis and deep commitment to continuous innovation, and we believe that combining will allow both brands to better serve existing and new customers with the best-in-class outdoor cooking products they seek,” Alan Matula, chief executive officer of Weber, said in a press release. He highlighted Blackstone’s success in outdoor griddles as a testament to its enduring appeal.
Blackstone CEO Roger Dahle also expressed enthusiasm for the partnership, stating, “We are thrilled to join with Weber and bring together two outdoor cooking industry innovators to create immense value for our customers and team members alike. With our complementary portfolios and similar cultures, I could not have imagined a better partner for Blackstone than Weber.”
Dahle will assume the role of CEO of the combined company, retaining a significant equity stake. Matula, who has served as Weber’s CEO since 2022, plans to retire following the merger’s completion. During his tenure, Matula spearheaded transformation initiatives that bolstered Weber’s global market position and its focus on innovation.
Both companies will continue operating as independent entities until the merger is finalized. Upon completion, the combined company will maintain operations in Palatine, Illinois, and Logan, Utah.
