Vending

Pentair to buy Manitowoc Ice from Welbilt for $1.6B

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March 3, 2022

Pentair PLC, a provider of water treatment and sustainable solutions, has agreed to acquire Manitowoc Ice, a provider of commercial ice makers, for $1.6 billion from Welbilt Inc., subject to customary adjustments, according to a press release. When adjusted for approximately $220 million of expected tax benefits, the net transaction value is approximately $1.38 billion.

Manitowoc Ice has approximately 1 million units and more than 200 models of commercial ice machines worldwide.