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Article: Bigger piece of pie sought; CEO says Manitowoc, Enodis union would make largest firm of its kind
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- April 15, 2008
- Author:
CopyrightCopyright 2008 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Manitowoc Co.'s $2.1 billion offer for a British food-equipment
manufacturer would create the largest company of its kind for
products such as ice machines and restaurant fryers, Manitowoc CEO
Glen Tellock said Monday.
Combined, the two businesses would have about $2 billion in
annual revenue -- up from $438 million that Manitowoc's food-
equipment division had in 2007.
The acquisition of London-based Enodis PLC also would boost
Manitowoc's presence in Europe, where it has only a small share of
the food-equipment industry.
Combined, the two companies would have manufacturing plants in 10