Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Lennox Completes Sale of Heat Transfer Joint Venture
Jun 8, 2005
 Printable format
 Email this Article
 Search

HVAC equipment maker Lennox International Inc. (LII) announced that it has completed the previously announced sale of their 45 percent interest in their heat transfer joint venture to Outokumpu Copper Products OY of Finland for U.S. $39.3 million.

Nearly 3 years ago, LII and Outokumpu announced a joint venture, with Outokumpu initially purchasing a 55-percent interest in LII's heat transfer business segment for $55 million. Lennox announced in April that it was selling its portion of the venture to Outokumpu.

"Outokumpu's purchase of LII's remaining interest in the heat transfer business joint venture allows us to further focus our energy and resources on our three core businesses: Heating & Cooling, Refrigeration, and Service Experts," Bob Schjerven, LII's CEO, said in the April statement announcing the sale.

Back to Daily News

 

Daily News

...........................................................

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

Oct 22, 2014: ACCA wants the HVAC manufacturers to develop open, universal communication protocols

Oct 22, 2014: IHA launches website to connect OEMs with consumers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows