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Manitowoc Foodservice debuts as independent, publicly traded company

Manitowoc Foodservice Inc, a supplier of commercial foodservice equipment, has debuted as a standalone, publicly traded company following its spinoff from The Manitowoc Company Inc.

March 7, 2016

Manitowoc Foodservice Inc, a supplier of commercial foodservice equipment, has debuted as a standalone, publicly traded company following its spinoff from The Manitowoc Company Inc. To celebrate the company's independence, Hubertus Muehlhaeuser, president and CEO of Manitowoc Foodservice, rang the Opening Bell at the New York Stock Exchange on Friday, according to a company press release. Muehlhaeuser and the company's executive leadership team were joined by Cindy Egnotovich, the company's chairperson of the Board, and Chef Daniel Boulud.

"For more than 70 years, we have been innovation leaders in the commercial foodservice equipment industry," Muehlhaeuser said. "Today we carry this legacy forward as an independent company with one of the broadest portfolios of both hot and cold foodservice equipment in the industry, from ovens, fryers, steamers, grills, ranges and induction cooktops to beverage dispensing, blending, refrigeration and ice-making equipment. With our global footprint and leading products and systems, we are uniquely positioned to help our customers grow."

Manitowoc Foodservice has an array of brands that make it a supplier for many quick service, fast casual and fine dining restaurants. The company focuses its innovation on providing its customers with equipment that improves the quality and taste of food while lowering costs through reduced space, energy, labor and waste. The company released 30 new product innovations in 2015.