LUND, Sweden - Alfa Laval has signed and closed an agreement to acquire Standard Refrigeration, a leading supplier of shell-and-tube heat exchangers for a variety of refrigeration, air conditioning, and industrial applications in the North American market.

“By acquiring Standard Refrigeration we are increasing our presence in the North American commercial refrigeration and industrial markets,” said Lars Renström, president and CEO of the Alfa Laval Group. “Standard Refrigeration will be integrated into Alfa Laval in order to capture synergies such as a wider product portfolio combined with an enhanced market presence.”

Standard Refrigeration was founded in 1922 and has some 185 employees in two locations in the United States: Melrose Park (Chicago), Ill., and Grand Prairie (Dallas), Texas.

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Publication date:06/16/2008