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.
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 joint venture will distribute Samsung ductless products in the U.S. and Canada as well as products branded “Lennox powered by Samsung,” which will be sold through Lennox stores and its direct-to-dealer network.
Hudson will sell reclaimed refrigerants under the names Freon R-11, Freon R-12, Freon R-123, and Freon R-22, and use the Freon brand name in its marketing materials.
The air365 Max with HeatForce heat pump can operate at 100% heating capacity with outdoor temperatures as low as -13°F and at 90% capacity down to -22°F.
The money, through the Inflation Reduction Act’s Home Electrification and Appliance Rebates program, is for direct-to-consumer rebates for the purchase of qualifying high-efficiency HVAC equipment, including up to $8,000 for a heat pump.
The product classification changes are aimed at helping consumers better understand Trane’s new models as it begins converting most of its new residential products to enable them to use R-454B refrigerant rather than R-410A.