Samsung Electronics America to Acquire Quietside
Quietside Has Been Master Distributor for Samsung HVAC Products in US and Canada Since 1997
RIDGEFIELD PARK, N.J. — Samsung Electronics America Inc. announced that it has agreed to acquire Quietside Corp., a leading distribution channel for HVAC products. Quietside has been the master distributor for Samsung HVAC products in the United States and Canada since 1997.
Samsung said the acquisition will provide Quietside with greater access to its wide range of HVAC products, including its DVMS variable refrigerant flow (VRF) system. As a result of the acquisition, Quietside will be increasing its personnel and infrastructure investment in North America in order to handle the continuing expansion of the split ductless and VRF product categories.
Samsung expects to further strengthen its sales operations in North America, particularly in the business-to-business space. The company said it also plans to unveil an enhanced HVAC product lineup that better reflects the needs of North American customers.
Sang Lee, the founder of Quietside, will remain as CEO and will have operational responsibility for the company. Lee has 29 years of experience in the North American HVAC market.
“Samsung is excited to deepen our long relationship with Quietside by making this acquisition,” said Tim Baxter, president of Samsung Electronics America. “Samsung always looks to bring innovation and new technology to our customers and we look forward to working with Sang and his team to bring that same commitment to selling HVAC products to customers across North America.”
“The acquisition of Quietside by Samsung provides a terrific benefit to our customers and employees,” said Lee. “The rapid growth of our product categories in North America provides a great opportunity for us to scale our business rapidly to meet the needs of the market. The operational capabilities of Samsung and the strength of the Samsung brand will mean incredible opportunities for us all going forward.”
The company will continue to be headquartered in the Dallas/Fort Worth area.
For more information about Quietside Corp., visit www.quietside.com.
For more information about Samsung Electronics America, visit www.samsung.com.
Publication date: 8/18/2014