Carrier said this joint venture strengthens its global strategic relationship with Midea and expands the manufacturing and distribution of residential and light commercial HVAC systems in Brazil, Argentina, and Chile. “This transaction is a substantial milestone toward the completion of Carrier’s business transformation initiated four years ago,” said Geraud Darnis, president and CEO, UTC Climate, Controls & Security Systems.
“Carrier has a longstanding leadership position in these markets built on a loyal distribution network, strong brands, outstanding agents, and an experienced leadership team,” said Darnis. “Carrier is committed to Latin America and will work with Midea to leverage production scale, increase our portfolio of products and brands to better serve our customers, and increase our growth prospects in the region.”
For more information, visit www.carrier.com.
Publication date: 11/21/2011