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Daily News

Enodis Ice Machine Business Reborn as Scotsman Industries
May 18, 2009
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Manitowoc Company completed the sale of the Enodis ice machine operations to affiliates of Warburg Pincus LLC, which formed a new holding company, Scotsman Industries, Inc., to operate the business.

Scotsman Industries, which has operated in the commercial ice and refrigeration business for 50 years, is based in Vernon Hills, IL, U.S. Company brands include Scotsman, Ice-O-Matic, Simag, Barline, Icematic, Tecnomac, and Oref, and the company says the brands will continue to operate without changes to sales, distribution, and service.

Manitowoc said it intends to use the after-tax net proceeds of approximately $150 million to reduce a portion of the debt incurred last November to fund the Enodis acquisition.

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