Manitowoc completes Enodis acquisition
THE Manitowoc Company, has completed its acquisition of Enodis plc, the commercial refrigeration equipment manufacturer.
Manitowoc says the $2.7-billion acquisition will establish Manitowoc among the world's top manufacturers of commercial foodservice equipment.
The company says the integration of the Manitowoc and Enodis foodservice businesses will result in capabilities that span refrigeration, ice-making, cooking, food-prep, and beverage-dispensing technologies.
The purchase brings together commercial kitchen equipment with more than 30 leading brands, factories in 9 countries and more than 8,000 employees worldwide.
'Given the experience that we gained in prior acquisitions, we will use a consistent approach in integrating Enodis and Manitowoc,' said Glen E. Tellock, president and chief executive officer. 'Teams consisting of Manitowoc and Enodis leaders are jointly focused on creating profitable growth driven by an emphasis on new product development and process innovations.'
'We believe that our expanded product line and broad-based manufacturing capabilities will enable Manitowoc's Foodservice segment to grow and succeed, even in a diverse global marketplace,' Tellock added.