Sale of IMI division Beverage Dispense and Merchandising
We would like to inform you that IMI announced that it has reached an agreement to sell its Retail Dispense business to the Marmon Group, a subsidiary of Berkshire Hathaway. The sale includes all the businesses under IMI Beverage Dispense (Cornelius, 3Wire, Display Technologies, and Trade Fixtures) and IMI Merchandising (DCI Marketing, ArtForm, and Cannon Equipment). Subject to regulatory approval and upon closing, these businesses will become part of the Marmon Retail and End User Technologies Company headquartered in Chicago, Illinois USA. Closing is anticipated in early 2014.
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