Manitowoc Sells Kysor/Warren Brand to Lennox International

The Manitowoc Company, Inc. (NYSE: MTW) reached an agreement to sell its Kysor/Warren and Kysor/Warren de Mexico businesses to Lennox International (NYSE: LII). The deal is valued at an estimated $138 million and is subject to a post-closing working capital adjustment.

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Kysor/Warren produces refrigerated display merchandisers and systems primarily for retail applications such as grocery stores, supermarkets, and convenience stores.

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Manitowoc does not anticipate this deal having an impact on its Kolpak, RDI, or other aspects of its walk-in business, according to a company release.

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