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Welbilt Plans To Sell Manitowoc Ice To Pentair

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Welbilt Inc., Port Richey, Fla., announced Feb. 3 that it has entered into a definitive agreement to sell its Manitowoc Ice division to Pentair plc for $1.6 billion in cash, pending approvals. Welbilt said Manitowoc Ice sales were approximately $308 million in 2021.   Welbilt CEO Bill Johnson said, “We believe that this transaction is…

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