Cold-equipment specialist Manitowoc Co. to expand with $2.7B acquisition of Enodis

MANITOWOC WIS. —Manitowoc Co., the ice-machine maker based here, beat out Illinois Tool Works Inc. in an auction to acquire restaurant equipment supplier Enodis Plc., which said it would recommend the offer.

Manitowoc agreed to pay about $2.7 billion for the United Kingdom-based company. The deal is expected to close sometime in the fourth quarter of 2008. —Manitowoc Co

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