Marketplace Today Blog

Milwaukee Journal Sentinel

The Manitowoc Co. said today it has received clearance from the European Commission for the company’s $2.2 billion acquisition of Enodis.

London-based Enodis has a range of food-service products, including cooking equipment, refrigeration units, ice machines and beverage dispensers used in fast-food restaurants, institutions and grocery stores. Manitowoc makes ships, cranes and ice machines.

In order to secure approval, Manitowoc said it has agreed to sell Enodis’ global ice machine operations following completion of the transaction. The businesses that will be sold operate under the Scotsman, Ice-O-Matic, Simag, Barline, Icematic, and Oref brand names. Manitowoc said it also has agreed to sell certain non-ice businesses of Enodis located in Italy that operate under the Tecnomac and Icematic brand names.

The acquisition of Enodis still requires U.S. antitrust approval. Manitowoc said it is negotiating a consent decree with the U.S. Department of Justice that is expected to provide for the sale of Enodis’ ice machine operations in the U.S. Final clearance is expected by Oct. 11.