Pentair Acquires Manitowoc Ice from Welbilt for $1.6 Billion
July 28, 2022
Pentair plc has completed its acquisition of Manitowoc Ice from Welbilt, Inc. for $1.6 billion, subject to customary adjustments. The purchase brings Manitowoc Ice's ~800 employees, ~1 million installed units and broad commercial ice machine product line into Pentair to expand its commercial water solutions for foodservice and hospitality customers.
- Buyers
- Pentair plc
- Targets
- Manitowoc Ice
- Sellers
- Welbilt, Inc.
- Industry
- Manufacturing
- Location
- Wisconsin, United States
- Transaction Type
- Buyout
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