Manitowoc Acquires INDUCS
Will leverage induction technology for Manitowoc Foodservice customers
MANITOWOC, Wis. -- The Manitowoc Co. Inc. has announced the acquisition of INDUCS AG, a leading supplier of induction technology to the global foodservice industry, based in Herisau, Switzerland. INDUCS develops, manufactures and markets an expansive line of advanced technology induction counter-top and built-in products.
INDUCS has a strong global network of distribution partners, including a longstanding relationship with Garland Commercial Range, a Manitowoc Foodservice company, which has marketed induction technology to the foodservice industry in North America for more than a decade. In recent years, Garland Commercial Range was recognized by the National Restaurant Association with two Kitchen Innovation Awards for the Induction Griddle and Induction Braising Pan.
"We are excited about the future of induction in the foodservice industry. Induction technology solves customer problems that conventional equipment cannot. Specifically, more and more customers are demanding energy efficiency, ease of cleaning, cooking speed and accuracy that induction delivers," said Jacques Seguin, vice president and general manager of The Garland Group. "Our goal is to leverage the strengths of both companies to become the global market leader for this exciting technology."
It will sell induction products under the Garland brand to all Manitowoc Foodservice global customers while INDUCS continues to serve its original equipment manufacturer (OEM) customers and distribution partners.
Manitowoc Foodservice, a division of The Manitowoc Co. Inc., designs, manufactures and supplies food and beverage equipment for the global foodservice market. The company has a portfolio of brands including Cleveland, Convotherm, Delfield, Fabristeel, Frymaster, Garland, Kolpak, Koolaire, Kysor Panel Systems, Lincoln, Manitowoc Ice, Multiplex, Merrychef, Servend and Manitowoc Beverage Systems.
Founded in 1902, The Manitowoc Co. Inc. is a multi-industry, capital goods manufacturer with more than 115 manufacturing, distribution and service facilities in 26 countries. The company is recognized globally as one of the premier innovators and providers of crawler cranes, tower cranes and mobile cranes for the heavy construction industry. In addition, Manitowoc is one of the world's leading innovators and manufacturers of commercial foodservice equipment, which includes 24 market-leading brands of hot- and cold-focused equipment.