Standex Refrigerated Solutions Group Sells Master-Bilt and Nor-Lake
Ten Oaks Group acquires the companies
HUDSON, Wis. — Standex Refrigerated Solutions Group (RSG) has reached a definitive agreement to sell its Master-Bilt and Nor-Lake refrigeration businesses to Ten Oaks Group, a family office focused exclusively on corporate divestitures. The closing is expected to occur in the next 45 days.
Standex continually assesses its portfolio of businesses to ensure alignment with its long-term strategic vision. As part of this assessment, Standex determined that the Refrigerated Solutions Group (RSG), specifically the Master-Bilt and Nor-Lake brands, no longer aligns with its long-term strategy. This review was a thoughtful one in which a variety of factors were carefully weighed and ultimately a decision was made to pursue a sale.