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Machinery


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March 30, 2009

Manitowoc selling ice business for $160M

  • The $160 million sale is part of a deal with regulators in order to purchase British cooking equipment supplier Enodis.

    • MANITOWOC, Wis. (AP) — Manitowoc Co., which manufactures cranes and foodservice equipment, has agreed to sell its ice-making business for $160 million to satisfy U.S. and European regulators as part of its purchase of British cooking equipment supplier Enodis PLC.

    Manitowoc said it will sell its Scotsman, Ice-O-Matic, Simag, Barline and other ice machine and related businesses operated by subsidiaries of Enodis to an affiliate of the investment firm Warburg Pincus.


     
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