Manitowoc Sells Kysor Panel Systems Business

Sale helps company focus on core foodservice segment brands.

The Manitowoc Company Inc. (NYSE: MTW), Manitowoc, WI, has sold its Kysor Panel Systems business to an affiliate of D Cubed Group LLC, a private market investment firm, for $85 million.

Kysor Panel Systems is a producer of wood frame and high-density rail panel systems for walk-in freezers and coolers for the retail and convenience-store markets.

“The sale of Kysor Panel Systems furthers our strategy of focusing on our core brands within our foodservice segment, while aligning this business with its market-leading portfolio of commercial foodservice equipment,” said Kenneth Krueger, Manitowoc’s interim CEO.

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