March 22, 2006: Danfoss Agrees to Sell ZCP Business
CALGARY, Alberta - Danfoss Inc. announced that it has reached an agreement whereby a private investment group will acquire the assets and intellectual property rights to continue production of its Zone Control Panels, known as ZCPs, manufactured in Calgary, Alberta, Canada.
Zone Control Panels are prefabricated boiler/furnace room piping and control packages used in residential and commercial hydronic radiant floor heating, snow/ice melting, and other forms of hot or chilled water systems. According to the company, the compact appliances reduce the assembly and installation times of pipe, valves, and controls by 60 percent, control wiring by 40 percent, and startup by 20 percent. There are approximately 8,000 ZCPs installed in Canada and the United States.