Amsted Withdraws BAC From Sales Process

CHICAGO, IL — Amsted Industries announces that Baltimore Aircoil Company (BAC), its evaporative cooling and heat transfer equipment business, is no longer for sale and will continue to operate as a decentralized business unit.

On February 2, 2001, Amsted announced its intention to divest BAC with completion of the sale anticipated in June. New Amsted chairman, president, and ceo W. Robert Reum reversed the earlier decision to divest BAC as part of a plan to service heavy Amsted debt load.

Aided by an improved cash flow condition, Reum cited the importance of preserving strong income-producing assets such as BAC to the overall health and value of the corporation.

“BAC provides a strong global footprint, which benefits all Amsted business units,” said Reum. “We have terminated our discussion with interested parties and are excited to continue our 16-year relationship with BAC.”

Publication date: 06/04/2001

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

Recent Articles by James Siegel

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



Image Galleries

2015 HARDI Fly-In

Highlights from HARDI's Congressional Fly-In in Washington, D.C. Post date: May 28, 2015.


NEWSMakers: Kevin Conrad
Kevin Conrad, president, Kevin Conrad Heating and Cooling Inc., Nantucket, Massachusetts, breaks down working in the New England climate, the benefits of insulation foam, and more.

More Podcasts


NEWS 06-29-15 cover

2015 June 29

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Online Reviews

Do you track online review sites like Yelp to look for comments on your company’s performance?
View Results Poll Archive


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.


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


facebook icontwitter iconyoutube iconLinkedIn i con