Enodis accepts £950m Manitowoc offer

The commercial food equipment industry has been consolidating for some time. Enodis and ITW Food Equipment (Hobart) have been the biggest players. They are the only two companies that have full products lines for both the Food Service (restaurants, cafeterias, schools etc.) and Food Retail (grocery stores) segments. Other companies like Manitowoc had dominant market shares in particular segments like...

Food equipment manufacturing is a growing market that several years ago was very fragmented. It is getting to be more consolidated now. Initially, a UK group Enodis was very carefully and successfully acuiring various European, UK, US and Asian based food equipment manufacturers. Now it is being purchased by a US based Manitowoc Company, part of which is manufacture commercial ice making machines...