The Manitowoc Co. Announces Divestiture Of Kysor Panel Systems Business
The Manitowoc Company, Inc. (NYSE: MTW) today announced that it has sold its Kysor Panel Systems business to an affiliate of D Cubed Group LLC, a private market investment firm, for a value of approximately $85 million, subject to certain adjustments for funded indebtedness, working capital, and capital expenditures. Kysor Panel Systems is a leading producer of wood frame and high-density rail panel systems for walk-in freezers and coolers for the retail and convenience-store markets. …