USA: Manitowoc to Acquire Remaining Stake in Chinese Joint Venture
The Manitowoc Company, Inc. (NYSE: MTW) today announced that it has acquired the remaining 31.3 percent of Hangzhou Manitowoc Wanhua Refrigeration Co., its Chinese ice-machine joint venture, from the company's partner, Hangzhou Household Electric Appliance Industrial Corporation. Terms of the deal were not disclosed.