Pentair, a leading water treatment company, plans to acquire a Wisconsin manufacturer of commercial ice machines for $1.6 billion. Pentair, headquartered in London and managed out of Golden Valley, Minnesota, has a definitive agreement to buy Manitowoc Ice, based in Manitowoc, Wisconsin. Pentair's chief executive John Stauch says the acquisition is expected to be a game changer for its commercial water solutions platform. Manitowoc Ice is a subsidiary of Wellbit Inc., a Florida-based maker of commercial food-service equipment. With plants in Wisconsin, Mexico and China, Manitowoc Ice employs 800 people and manufactures about 200 models of commercial ice-making machines used in a variety of food service and industrial settings.
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