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Majority stake Announced Dec 2010 Verified

Lennox International to Acquire Kysor/Warren from Manitowoc

Relationship map

Relationship map for Lennox International to Acquire Kysor/Warren from Manitowocparent ofLennox International: StrategicLILennox InternationalKysor/Warren: Operating CompanyKWKysor/Warren
Operating CompanyStrategic

Parties

Acquirer
Lennox International
Strategic
Target
Kysor/Warren
Operating Company

Market signals

Deal value$138M reported total consideration as reported by achrnews.com

Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.

Summary

Lennox International Inc. signed a definitive agreement with The Manitowoc Company to acquire substantially all the assets of its Kysor/Warren business for $138 million. Kysor/Warren manufactures refrigerated systems and display cases for supermarkets. The deal is expected to close in Q1 2011 and be accretive to GAAP earnings.

Primary source