Feb. 13, 2006: Lennox' Allied Air Enterprises to Consolidate Operations
DALLAS - Allied Air Enterprises, a division of Lennox International Inc. (LII), announced that it will consolidate company manufacturing, distribution, research & development, and administrative operations in South Carolina, and close its current operations in Bellevue, Ohio, in a phased process expected to be completed by the end of the first quarter 2007.
According to the company, the consolidation is expected to incur charges of approximately $20 million pre-tax, or approximately $13 million after-tax, and will lead to estimated annual savings of approximately $12 million pre-tax beginning in 2007. Allied manufactures and markets the Armstrong Air, Ducane, AirEase, Magic-Pak®, and Concord brands of air conditioning and heating equipment, sold primarily through wholesale distribution to HVAC, plumbing, and other dealers and contractors.