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

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.