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.
Kysor/Warren produces refrigerated display merchandisers and systems primarily for retail applications such as grocery stores, supermarkets, and convenience stores.
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.
2013 Best In Class Winners
See who FE&S readers named this year’s Best In Class winners. Manufacturers were evaluated for product quality, product value, product design and aesthetics, service and support, sales reps, product inventory and available product information. Click here to see the complete results.