date:Oct 21, 2013
UK-based engineering firm IMI has entered into an agreement to sell its Beverage Dispense and Merchandising divisions, together called Retail Dispense, to Berkshire Hathaways Marmon Group for about $1.1bn.
This move comes as engineering firm aims to focus on industrial valves and fluid control systems business.
During March 2013, IMI has decided to explore options to dispose the majority of the Merchandising business. However, the company has received an alternative unsolicited proposal from M