Trane Acquires Arctic Chiller Group
Diversifies company's product portfolio
DAVIDSON, N.C. — Trane announced that it has acquired Arctic Chiller Group.
“We are pleased to incorporate Arctic Chiller Group solutions into our leading portfolio of energy efficient systems and services,” said Donny Simmons, president of the Commercial HVAC business of Ingersoll Rand. “Arctic is a great brand with great people and high quality products that serve a growing market. With Arctic, we now offer customers even more choices for reducing energy and operating costs. We look forward to the growth potential we have together.”
“Arctic Chiller Group is proud to join Trane,” said Angelo Troiano, president and chief executive officer of Arctic Chiller Group. “I know Arctic will continue to reach new heights as part of a leading global company. With the support and investments from Trane, Arctic can expand the availability and distribution of our products, and better serve new and existing customers with our highly energy efficient solutions.”
Arctic Chiller Group operates from locations in Ontario, Canada, and Newberry, South Carolina. The value of this acquisition was not disclosed or material.
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