Deals
United Technologies Sells Ice-Cream Machine Unit for $1 Billion
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United Technologies Corp. agreed to sell Taylor Co., a business that specializes in ice-cream dispensing equipment and frozen-drink machines, to Middleby Corp. for $1 billion.
The deal enables United Technologies to sharpen the focus in its Carrier Transicold business around transport and commercial refrigeration, according to a statement Friday by the industrial manufacturer. Middleby was drawn by Taylor’s complementary product offerings and heavy presence in top restaurant chains, it said in a separate statement.