Articles Tagged with ''divestiture''

Oct. 6, 2014: Johnson Controls to Divest Its Global Workplace Solutions Business

Service-Based Business Is Not Core to Company’s Manufacturing, Engineering, and Product-Based Portfolio

Johnson Controls has announced that it plans to divest its Global Workplace Solutions (GWS) business. The company said the action reflects its previously stated intention to invest in businesses that are core to its long-term growth strategy and multi-industrial portfolio.


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Aug. 15, 2013: Watts Water Technologies Completes Sale of Watts Insulation

Watts Insulation Did Not Meet Performance Expectations
Watts Water Technologies Inc. announced that it has completed the sale of all of the outstanding shares of Watts Insulation GmbH, an indirect wholly-owned subsidiary of the company formerly known as Austroflex. The company received proceeds from the sale of approximately $9 million.


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Feb. 4, 2013: Manitowoc Announces Divestiture of Its Jackson Business to Hoshizaki USA Holdings

The Manitowoc Co. Inc. announced that it has sold its Jackson warewashing business to Hoshizaki USA Holdings Inc. Specific terms of the asset sale were not disclosed. Jackson is a leading producer of warewashing equipment systems primarily for institutions and commercial kitchen applications.


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Aug. 18, 2011: EMCOR Group Announces Agreement to Sell Comstock Canada

EMCOR Group Inc. announced that it has entered into an agreement to sell its Toronto-based Canadian subsidiary, Comstock Canada Ltd., to CCL Equities Inc., an Ontario, Canada-based corporation.
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Aug. 15, 2011: Ingersoll Rand to Sell Majority Interest in Hussmann Refrigerated Display Case Business

Ingersoll-Rand plc has entered into an agreement to sell a 60 percent stake in its Hussmann refrigerated display case business to the private equity firm Clayton Dubilier & Rice LLC (CD&R).
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Kari Arfstrom, executive director of the HVACR Workforce Development Foundation, talks about the upcoming HVACR & Mechanical Conference. Posted on Jan. 23.

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