Announced
Financials
Tags
Friendly
Private
Household Equipment and Products
Acquisition
Single Bidder
Majority
Cross Border
United States
commercial ice makers
Pending
Synopsis
Pentair, an American water treatment company, agreed to acquire Manitowoc Ice, a provider of commercial ice makers, from Welbilt, a foodservice equipment company, for $1.6bn. "We expect this strategic acquisition to be a game changer for our commercial water solutions platform, establishing a differentiated, total water management offering and expanded network within the foodservice industry," John Stauch, Pentair President and CEO.
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