Pentair Completes $1.6B Ice Maker Acquisition

Pentair plc, a London-based water treatment and sustainability provider, said it has completed a $1.6 billion deal to acquire commercial ice maker Manitowoc Ice from Welbilt, Inc.

The transaction was originally announced in March. Pentair said the deal remains subject to customary adjustments.

“Manitowoc Ice is a great business and an iconic brand, and we are excited to welcome its team members to Pentair as we work together to deliver smart, sustainable water solutions to customers around the world,” said John Stauch, Pentair president and CEO. “This strategic acquisition allows us to enhance and deliver our total water management offerings to an expanded network of channel partners and customers, further establishing Pentair as a leader in a vast and growing industry.”