FARMINGTON, Conn. — Carrier Corp. announced that a definitive agreement has been executed to add Carrier’s HVAC distribution operations in Mexico to its existing joint venture with Watsco Inc. Watsco owns 60 percent of the joint venture and Carrier owns 40 percent.
Carrier and Watsco have existing joint venture entities operating generally as Carrier Enterprise, in the United States and selected territories in the Caribbean and Latin America. The HVAC distribution operations in Mexico will add revenues of approximately $80 million, with 90 employees and six locations.