ACR-News
Know what you want? Try our 'Supplier Directory' 

Enodis caught in bidding war

US food service firm Manitowoc has upped its bid and is offering Enodis shareholders 294 pence a share to secure its purchase of the UK kitchen equipment firm.
Manitowoc has trumped the £1 billion (282 pence a share) offer made by rival bidder, commercial food equipment maker Illinois Tool Works (ITW) and is urging Enodis' management to back its £1.08bn bid.

Last month Enodis' board withdrew its backing for Manitowoc's 260 per share offer (£948m) and recommended its shareholders go for ITW's offer.

Manitowoc firm is keen to buy Enodis to expand into the food service and food retail equipment markets.

Rising bids for the UK refrigeration equipment firm has pushed Enodis' value to 304.75 pence per share (as of May19).

Manitowoc's new offer has led to Enodis being valued at twice what it was worth last month.

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...

  01-Apr-2021

Panasonic’s Aquarea Loop transforms retrofit heating and cooling

Panasonic Heating & Cooling Solutions has introduced the Aquarea Loop, a new decentralised water-to-air heat pump designed for optimal energy efficiency. This system operates with a low-temperature central water loop of 20° - 30°C year-round, ...

  12-Feb-2025

RFGC - New Sanhua Thermostatic Expansion Valve ready for R290

The main body in stainless steel guarantees an increased robustness and the certainly of a lead-free material and welding is in copper. RFGC 06 series has been designed and optimized for application with propane (R290).
  03-Feb-2025
ACR News is the number one magazine in the air conditioning and refrigeration industry. Don’t miss out, subscribe today!
Subcribe to ACR News

Diary