20.09.2008

Manitowoc’s Enodis acquisition approved by EU

Manitowoc has obtained the necessary antitrust clearance from the European Commission for the acquisition of food equipment company Enodis on the condition that it sells the Enodis Ice making business on completion.

The acquisition of Enodis is still waiting for U.S. antitrust approval which, says the company, is progressing in accordance with its original timetable. Manitowoc is currently negotiating the terms of a consent decree with the U.S. Department of Justice that is expected to include the sale of Enodis' ice machine operations in the United States.

Final clearance is anticipated on or before October 11th, if so the last day of dealings in Enodis Shares will be October 24th.