Krack Corp. announced that it has sold the assets of its Krack industrial refrigeration business to SGS Refrigeration Inc. Terms of the sale were not disclosed. Krack retains ownership of its commercial business.
Global demand for commercial refrigeration equipment is forecast to rise 4.6 percent per year through 2016 to $32.5 billion, an acceleration from the 2006-2011 pace, according to World Commercial Refrigeration Equipment, a new study from The Freedonia Group Inc.
The global commercial refrigeration equipment market accounted for $29.1 billion in 2012 and is expected to reach $46.6 billion in 2018, according to a new market report published by Transparency Market Research.
Photos from the 2013 ACCA Conference & IE3 Expo in Orlando, Fla.
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