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Scotsman Industries, Inc. Stage: LBOs and Special Situations Date of Investment: 2009 Web Site : http://www.scotsmanindustries.com
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Scotsman Industries is the largest global manufacturer of commercial ice machines with related products including storage bins, ice and water dispensers, industrial ice machines, high-end residential ice machines, blast chillers and commercial refrigeration units. The company’s products are sold under two global brands, Scotsman and Ice-O-Matic, and a number of leading regional brands. The company distributes its products in more than 100 countries to a range of end market customers that include quick-service and full-service restaurants, hotels and hospitality venues, health care facilities, food retailers and education, government and military facilities. In May 2009, Warburg Pincus completed the $160 million acquisition of Scotsman Industries from The Manitowoc Company. The Manitowoc Company had acquired the global ice machine businesses comprising Scotsman Industries as part of its 2008 acquisition of Enodis but was subsequently required to divest the businesses to satisfy regulatory conditions of various jurisdictions related to the Enodis acquisition.
