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Manitowoc Company announces sale of Jackson warewashing business

by
Manitowoc Company (courtesy of FOX 11)
Manitowoc Company (courtesy of FOX 11)

MANITOWOC, WI (WTAQ) - Officials with the Manitowoc Company have announced the sale of its Jackson warewashing business.

Terms of the sale to Hoshizaki USA on Monday were not disclosed.

Jackson makes machines to wash dishes in commercial and institutional kitchens.

"The sale of the Jackson product line reinforces our commitment to our core commercial foodservice business, while enabling us to direct resources toward areas that further our strategic initiatives and drive profitable growth," Manitowoc chairman and CEO Glen E. Tellock said in a news release.

Manitowoc says it will use the net proceeds of the sale - about $26 million - to reduce its secured long-term debt.

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