With the acquisition, CoolSys plans to deepen its market presence and service network in the Pacific Northwest region, a press release from the company said.
The heat pumps Armstrong plans to make at the new facility in Three Rivers, Michigan, will particularly benefit manufacturers in the food and beverage, pharmaceutical, paper, and personal care products industries, the company said.
The company aims to develop regionally specialized core technologies, optimized for the cold climate of Northern Europe, through the newly established European Consortium for Advanced Heat Pump Research.
The transaction is expected to close the second half of the calendar year 2024
June 19, 2024
Included in the sale are air distribution and movement brands Koch Filter, Titus, Ruskin, Kreuger, PennBarry and Tuttle & Bailey and their product lines of grilles, registers and diffusers, and more.
Operating in 62 locations worldwide, the LG HVAC Academy provides comprehensive training on installing and maintaining LG’s residential and commercial HVAC systems, including its high-efficiency chillers.
Private equity funds managed by Blackstone Private Equity will purchase Emerson’s 40% common equity ownership in the joint venture, while Copeland will repurchase the seller’s note.
Allied Air is set to launch an extensive range of equipment that uses the refrigerant R-454B, which has a GWP of 466, about 78% lower than that of R-410A.
The $121 million, 460,000-square-foot facility is expected to support more than 1,000 production jobs and more than 1,150 total new permanent jobs in northwest Mexico.
Main Filter, with manufacturing locations in Sault Ste. Marie, Ontario, Canada, and Lincolnton, North Carolina, has been a manufacturer of hydraulic filters for more than 35 years.
