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Announced

Pentair to acquire Manitowoc Ice from Welbilt for $1.6bn.

Financials

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Transaction Value£1,199m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales5.2x
EV/EBITDA17.39x
Share Price Premium-
One Off Charge-

Tags

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Friendly

Private

Household Equipment and Products

Acquisition

Single Bidder

Majority

Cross Border

United States

commercial ice makers

Pending

Synopsis

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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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