|
|
Article: WISCONSIN BRIEFING
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- January 11, 2006
CopyrightCopyright 2006 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
|
Sale gains to go back into Manitowoc Company
The Manitowoc Company Inc. said Tuesday it would take a $17
million gain from the sale of its Diversified Refrigeration
subsidiary to General Electric Co.
Terry D. Growcock, Manitowoc chairman and CEO, said proceeds from
the sale would be reinvested in "higher growth opportunities that
expand or complement Manitowoc's market-leading position in cold-
focused food service equipment." Manitowoc makes ice cube machines,
ice and beverage dispensers and commercial refrigeration equipment.
Diversified Refrigeration has been making the Monogram brand of
residential refrigerators and freezers on a private-label basis for
GE.
Bioflavors plant in Oconomowoc ...