Does Welbilt own Manitowoc?

Could you please clarify the relationship between Welbilt and Manitowoc? Is it accurate to say that Welbilt owns Manitowoc, or is there another corporate structure or ownership arrangement in place? It's important to understand the corporate hierarchy and ownership dynamics between these two companies in order to properly assess their financial situation and potential investment opportunities. Additionally, could you provide any relevant information about any recent mergers, acquisitions, or other corporate transactions that may have impacted their ownership structure?