Pentair Announces Definitive Agreement to Acquire Manitowoc Ice

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Welbilt (WBT) Announces the Sale of Manitowoc Ice to Pentair plc (PNR) for $1.6B

March 3, 2022 6:45 AM EST

Welbilt, Inc. (NYSE: WBT) today announced that it has entered into a definitive agreement to sell its Manitowoc® Ice business (Manitowoc Ice) to Pentair plc (NYSE: PNR) for approximately $1.6 billion in cash, on a cash free and debt free basis, subject to customary post-closing... More