HVAC Breaking News

July 20, 2010: Carrier Sells Heat Transfer Products Group

FARMINGTON, Conn. - Carrier Corp. announced that it has sold its Heat Transfer Products Group (HTPG) business to Monomoy Capital Partners L.P. and Starboard Capital Partners LLC.

HTPG, with 2009 revenues of approximately $90 million and more than 500 employees, is a leading manufacturer of commercial refrigeration components for the food service and food retail market segments. It is headquartered in Brea, Calif., and has manufacturing facilities in Scottsboro, Ala., and Yuma, Ariz.

“HTPG has a leading market presence, reputable brands, and a solid product portfolio,” said Geraud Darnis, president, Carrier Corp. “We’re pleased that its combination with Monomoy will enhance its growth potential.”

“The transaction is a continuation of our strategy to increase focus on our core growth platforms which include our large and successful food retail refrigeration business in Europe and Asia,” added Darnis.

For more information, visit www.carrier.com.

Publication date: 07/19/2010

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2015 HARDI Fly-In

Highlights from HARDI's Congressional Fly-In in Washington, D.C.

Podcasts

NEWSMakers: Clint Schreck

Clint Schreck, general manager, Columbus Worthington Air, Columbus, Ohio, discusses winning Angie’s List Super Service Award, how to handle online reviews, and much more.

More Podcasts

ACHRNEWS

NEWS 05-25-15 cover

2015 May 25

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Legislation and Regulation

What legislative/regulatory issue is most important to you as a HVAC business owner?
View Results Poll Archive

HVACR INDUSTRY STORE

2015.jpg
2015 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con