United Technologies to Sell Ice Cream-Machine Manufacturer for $1 Billion

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United Applied sciences is promoting the Taylor Co., which produces ice-cream and frozen-drink machines, to Middleby Corp. for $1 billion in money, as the economic conglomerate works to sharpen its give attention to its core companies.

United Applied sciences—which owns jet-engine maker Pratt & Whitney, Otis elevators and Provider air conditioners—stated Taylor had been a part of its local weather, controls and safety unit.

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Supply hyperlink – https://www.wsj.com/articles/united-technologies-to-sell-ice-cream-machine-manufacturer-for-1-billion-1526684341?mod=pls_whats_news_us_business_f

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