Krack Sells Industrial Business

Refrigeration Manufacturer to Continue Commercial Focus

Krack Corp. has announced that it has sold the assets of its industrial business to SGS Refrigeration.

SGS will sell the products it has acquired under a new SGS/Krack name in the industrial marketplace. Krack retains ownership of its commercial business such as coils, condensers, condensing units, and custom-engineered products using halogenated and similar refrigerants.

According to an announcement, “Krack will continue to serve commercial customers through its normal channels without disruption.”

“The sale is an important step for Krack Corp.,” said Chuck Previ, director of sales. “It allows us to focus our efforts on servicing existing and new customers in the commercial refrigeration market and provides the industrial business an opportunity to grow under very capable leadership. We look forward to working with SGS on those opportunities in the market where customers would benefit from both of our product lines.”

Krack is a subsidiary of Hussmann Corp. of Bridgeton, Mo.

Publication date: 10/21/2013

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