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Weber company logo
Corporation
CONSUMER PRODUCTS & SERVICES | Appliances
weber.com

Partners & Customers

4

About Weber

Weber (NYSE: WEBR) is an outdoor cooking company that maintains a diverse product portfolio across fuel types, pricing tiers, and a wide range of accessories, consumables, and services. It offers charcoal, gas, and electric grills, grilling accessories, cookbooks, and mobile applications. The company was founded in 1952 and is based in Palatine, Illinois.

Headquarters Location

1415 S. Roselle Road

Palatine, Illinois, 60067,

United States

800-446-1071

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Latest Weber News

Weber Trailblazes New Experiences in Electric, Griddle, and Pellet-Based Outdoor Cooking With Innovative Product Portfolio For 2023

Jan 18, 2023

01/18/2023 | 09:01am EST Message : *Required fields New LUMIN Electric Grill Smokes, Steams, Barbecues, and Warms Offering “Next Level” Versatility While Delivering Authentic Barbecue Flavors Suite of Griddle Offerings Transform Gas Grilling and What’s Possible to Cook Outside Weber Inc. (NYSE:WEBR), the global leader in outdoor cooking, technology, and products, announced today its innovative new product offerings for the upcoming 2023 barbecue season. Featuring Weber’s advanced technology, high-performance engineering, durable construction, and consumer-led design, the Company's latest electric, griddle, and pellet grills offer extraordinary utility, flexibility, convenience, and endless flavor exploration for those who love to cook outside. “Our product teams continue to push the boundaries of high-performance outdoor cooking in fuel and product categories that home cooks have just started to explore, including electric, griddle, and pellet grilling,” said Mike Jacobs, Chief Operating Officer of Weber. “To develop this year’s product portfolio, we spent hundreds of hours talking to and cooking with people to determine how our products could help them more fully enjoy coming together around the grill. As a result, this line-up redefines what’s possible when cooking outside by enabling our owners to create delicious new meal options, express their creativity, cook with greater ease, control, and predictability, and simplify clean up.” HIGH HEAT + VERSATILITY, THE LUMIN ELECTRIC GRILL Weber’s new LUMIN electric grill is a highly versatile, multifunctional grill. It is designed for those with limited outdoor space and electric-first people who crave barbecue's authentic, delicious flavors yet desire a grill that fits their lifestyle and reflects their eco-conscious fuel choices. The ultra-modern LUMIN grill features a sleek, space-efficient design, making it ideal for smaller outside areas and where other forms of grilling, such as charcoal and gas, are not permitted. To create a “next-level” electric cooking experience, Weber product experts engineered this first-of-its-kind grill to: Reach high heat temperatures of more than 600°F/315°C so that cooks can achieve that authentically grilled flavor they have come to love with Weber products; owners can reach high heat-searing temperatures within 15 minutes. Infuse vegetables and proteins with rich, smokey tastes through a unique smoke mode. Steam vegetables, braise sausages, and keep cooked food warm via different cook settings and specially designed accessories. Thaw frozen foods directly on the grill while it preheats to save time and simplify mealtime for busy cooks. Make clean-up a breeze with a front-access grease tray and dishwasher-friendly, porcelain-enamel cast iron cooking grates. The LUMIN grill also features a porcelain-enamel steel lid and cook box for superior durability and long-term corrosion resistance. Additionally, Weber engineers created a line of accessories that further broadens what outdoor cooks can do on this unique grill, including a stand, grill cover, griddle insert, and more. The LUMIN grill is available now on weber.com and from retail partners in the Americas and Europe. Outdoor cooks can select from full-size or compact models and a variety of vibrant colors, including Ice Blue, Deep Ocean Blue, Golden Yellow, Seafoam Green, Black, and Crimson. Available models and colors will vary by geographic region. NEW POSSIBILITIES, WEBER'S GRIDDLE PRODUCT SUITE Instantly Convert SPIRIT® and GENESIS® Gas Grills into Full-Size Griddles To help SPIRIT and GENESIS (three-burner) gas grill owners effortlessly experience the different menu options and flavors griddle cooking opens, Weber product designers leveraged their deep expertise in high-performance heat management to create high-quality, durable, full-size griddle inserts. As a result, WEBER® grill owners can easily remove their gas grill's cooking grates and replace them with a new SPIRIT or GENESIS Full-Size Griddle insert, transforming the entire cooking surface into a full griddle. The griddle inserts, constructed of porcelain-enameled cast iron, work with each grill's powerful burner system to direct, evenly spread, and hold heat across the entire griddle cooking surface. In addition, each griddle insert features a grease management system designed to prevent spills and capture grease for less mess during cleaning. SPIRIT and GENESIS Full-size Griddles will be available on weber.com and from retail partners this spring. Expand What's Possible with Weber's New Griddle Accessories To round out its griddle suite of products, Weber will also offer a series of new high-quality tools and accessories. Specially designed for novice and experienced griddle cooks alike, this accessory collection includes stainless steel spatulas, a cast iron press, and a basting dome, among others. NEW WAYS TO COOK + MORE FLAVOR, THE GENESIS EPX-470 With all the features of the reimagined GENESIS smart gas grill line, the new GENESIS EPX-470 fuses high-performance construction, superior durability, integrated WEBER CONNECT® smart grilling technology, and a GENESIS griddle insert to create an unforgettable culinary experience for any barbecue enthusiast. The GENESIS EPX-470 is also compatible with the WEBER CRAFTED® OUTDOOR KITCHEN COLLECTION, a line of exclusive, high-quality, interchangeable grillware that enables a variety of different cooking methods, including steaming, baking, roasting, searing, or griddle cooking right at the grill. The GENESIS EPX-470 will be available on Weber's website and from European retail partners this spring. ABOUT WEBER INC. Weber Inc. headquartered in Palatine, Ill., is the world’s leading barbecue brand. The Company’s founder George Stephen, Sr., established the outdoor cooking category when he invented the original kettle charcoal grill more than 70 years ago. Weber offers a comprehensive, innovative product portfolio, including charcoal, gas, pellet, and electric grills, smokers, griddles, and accessories designed to help outdoor cooking enthusiasts discover what’s possible. Weber offers its barbecue grills and accessories, services, and experiences to a passionate community of millions across 78 countries. WEBER®, GENESIS®, SPIRIT®, SMOKEFIRE®, WEBER CRAFTED®, WEBER CRAFTED OUTDOOR KITCHEN COLLECTION® and WEBER CONNECT® are U.S. registered trademarks owned by Weber-Stephen Products LLC. LUMIN™ is also a trademark of Weber-Stephen Products LLC and is the subject of pending registrations or applications in the United States and other countries. FORWARD-LOOKING STATEMENTS This press release contains various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which represent Weber’s expectations or beliefs concerning future events. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue,” the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include projections of our future financial performance, our anticipated growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including those factors discussed in the section titled “Risk Factors” in our Annual Report on Form 10-K. Our future results could be affected by a variety of other factors, including: uncertainty of the magnitude, duration, geographic reach, impact on the global economy and current and potential travel restrictions of the COVID-19 outbreak; the current, and uncertain future, impact of the COVID-19 outbreak on our business, growth, reputation, prospects, financial condition, operating results (including components of our financial results), and cash flows and liquidity; risks relating to any unforeseen changes to or effects on liabilities, future capital expenditures, revenues, expenses, earnings, synergies, indebtedness, financial condition, losses and future prospects; the ability to realize the anticipated benefits and synergies from business acquisitions in the amounts and at the times expected; the impact of competitive conditions; the effectiveness of pricing, advertising, and promotional programs; the success of innovation, renovation and new product introductions; the recoverability of the carrying value of goodwill and other intangibles; the success of productivity improvements and business transitions; commodity and energy prices; transportation costs; labor costs; disruptions or inefficiencies in supply chain; the availability of and interest rates on short-term and long-term financing; the levels of spending on systems initiatives, properties, business opportunities, integration of acquired businesses, and other general and administrative costs; changes in consumer behavior and preferences; the effect of U.S. and foreign economic conditions on items such as interest rates, statutory tax rates, currency conversion and availability; legal and regulatory factors including the impact of any product recalls; and business disruption or other losses from war, pandemic, terrorist acts or political unrest. View source version on businesswire.com: https://www.businesswire.com/news/home/20230118005225/en/ © Business Wire 2023

Weber Acquisitions

2 Acquisitions

Weber acquired 2 companies. Their latest acquisition was June on January 12, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/12/2021

Series C

$99M

$22.5M

Acquired

8

2/10/2016

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$99M

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10

Date

1/12/2021

2/10/2016

Investment Stage

Series C

Companies

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Valuation

$99M

$99M

Total Funding

$22.5M

Note

Acquired

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Sources

8

10

Weber Partners & Customers

4 Partners and customers

Weber has 4 strategic partners and customers. Weber recently partnered with Cricket Australia on October 10, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

10/24/2022

Licensor

Australia

Weber Barbecues extends Women’s Big Bash League naming rights partnership

The extension will carry the partnership forward into the Weber | 09 season , after the globally recognised name joined the League for an initial two-year partnership prior to last season .

1

2/9/2022

Vendor

United States

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10

9/7/2021

Licensor

Australia

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10

7/14/2014

Vendor

United States

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10

Date

10/24/2022

2/9/2022

9/7/2021

7/14/2014

Type

Licensor

Vendor

Licensor

Vendor

Business Partner

Country

Australia

United States

Australia

United States

News Snippet

Weber Barbecues extends Women’s Big Bash League naming rights partnership

The extension will carry the partnership forward into the Weber | 09 season , after the globally recognised name joined the League for an initial two-year partnership prior to last season .

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Sources

1

10

10

10

Weber Team

2 Team Members

Weber has 2 team members, including former Chief Executive Officer, Tom Koos.

Name

Work History

Title

Status

Tom Koos

Chief Executive Officer

Former

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Name

Tom Koos

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Work History

Title

Chief Executive Officer

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Status

Former

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Compare Weber to Competitors

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Traeger retails cooking equipment. The company offers a range of grills, pellets, sauces, rubs, shakes, and accessories. Traeger was founded in 1985 and is based in Salt Lake City, Utah.

Napoleon Logo
Napoleon

Napoleon manufactures diversified machinery. It provides natural gas grills, air conditioners, furnaces, outdoor living products, propane gas grills, central air conditioners, charcoal grills, barbecues, electric fireplaces and more. It was founded in 1976 and is based in Barrie, Ontario.

K
Kular

Kular is a combustion platform that fights climate change. It is based in Kingston, Ontario.

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