Nortek Global has announced that the Eaton Williams business it acquired last year will close for good on November 30, following disappointing profitability. The company closed its doors and ceased production on September 30 and all employees will leave the business on November 30.
Chinese a/c manufacturer Midea has become the latest to target Europe, by taking an 80 percent stake in Italian firm Clivet. The current shareholders of Clivet, the Bellò family, will retain a 20 percent stake.
Lux Products Corp. has announced that its president, Rob Munin, will now add chief executive officer to his title. In addition, Gary Hsieh adds business development to his role as the director of product and business development for Lux.
Acquisition includes ClimateMaster, IEC, ClimateCraft, and ClimaCool
May 12, 2016
NIBE Industrier AB of Sweden and LSB Industries Inc., Oklahoma City, announced that they have entered into a stock purchase agreement by which NIBE will acquire 100 percent of the outstanding shares of The Climate Control Group Inc. from LSB for a purchase price of $364 million.
Canadian plant significantly augments the design and production capacity of its U.S. plant
April 15, 2016
TMI Climate Solutions, a manufacturer of advanced air handling, hydronic systems, and custom HVAC solutions, has announced a new subsidiary, TMI Climate Solutions Canada Inc. The company also announced completion of a new 200,000-square-foot manufacturing plant in Pointe-Claire (Montreal), Quebec.