SGS will sell the acquired industrial products under a new SGS/Krack name. With this transaction, Krack retains ownership of its commercial refrigeration business, including coils, condensers, condensing units, and custom engineered products. Krack said it will continue to serve commercial customers through its normal channels without disruption.
“This sale is an important step for Krack Corporation,” said Chuck Previ, director of sales. “It allows us to focus our efforts on serving existing and new customers in the commercial refrigeration market and provides the industrial business an opportunity to grow under very capable leadership. We look forward to working with SGS on those opportunities in the market where customers would benefit from both of our product lines.”
Krack is a subsidiary of Hussmann Corp., Bridgeton, Mo. For more information, visit www.krack.com.
Publication date: 3/18/2013