PNR - Pentair said to consider $800M sale of part of its industrial unit
- Pentair Plc ( NYSE: PNR ) is said to evaluate the sale of part of industrial solutions unit.
- Pentair ( PNR ) is working with an adviser and the business may be valued at $800 million in a sale, according to a Bloomberg report. The unit is likely see interest from private equity.
- The sale comes after Pentair ( PNR ) completed its purchase of Manitowoc Ice from Welbilt for $1.6 billion in late July. Welbilt sold the Manitowoc Ice brand to allay antitrust concerns of the U.S. Department of Justice regarding the company's $3.5B sale to Ali Group.
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Pentair said to consider $800M sale of part of its industrial unit