Electrolux Professional to acquire Unified Brands from Dover for $244m.

Electrolux Professional, a provider of food service, beverage and laundry solutions, agreed to acquire Unified Brands, a food service equipment manufacturer, from Dover, an industrial products manufacturer, for $244m. "Unified Brands has been a part of the Dover family for over fifty years. As we look to the future, we believe that this transaction is a good outcome for both Dover and Unified Brands. It will allow Dover to concentrate our time and capital on growing our core business platforms, while Unified Brands will benefit from Electrolux Professional's focus on the commercial foodservice market and its complementary customer base, product lines and channel partners," Richard J. Tobin, Dover President and CEO.