UTC Climate, Controls & Security sells Taylor Company to Middleby

UTC Climate, Controls & Security, a unit of United Technologies, signed a definitive agreement to sell Taylor Company, a foodservice equipment maker, to The Middleby Corporation. The sale is expected to close early in the third quarter of 2018.

“This action allows UTC Climate, Controls & Security’s Carrier Transicold & Refrigeration Systems business to focus on its two core strengths in transport and commercial refrigeration.”corporate.carrier.com

• 2 sources
• corporate.carrier.comUTC Climate, Controls & Security Signs Definitive Agreement to Sell Taylor CompanyMay 18, 2018
• dslinc.comTaylor to be Acquired by Middleby CorporationBreanne BannerholtJun 11, 2018

Summarized from public sources; check the original articles before acting on it.