May 19, 2005: Modine Acquires Airedale International Air Conditioning
RACINE, Wis. - Modine Manufacturing Co. announced that it has acquired privately held Airedale International Air Conditioning Limited of Leeds, England, for approximately $38 million in cash.
With 2004 revenues of about $75 million, Airedale is a designer and manufacturer of specialty air conditioning systems. While the majority of its sales are in the United Kingdom, about 40 percent of Airedale's 2004 revenues were outside the U.K.