Nibe Industrier AB (Markaryd, Sweden), parent company of WaterFurnace Intl. Inc. (Fort Wayne, Indiana), entered into a stock purchase agreement with LSB Industries Inc. (Oklahoma City) to acquire 100 percent of LSB’s Climate Control Group Inc.

Rick RaschSanhua Intl. Inc. (Plain City, Ohio) named Rick Rasch (pictured right) sales engineer on the North American commercial sales team. He was previously employed by Tecumseh Products Co. (Ann Arbor, Michigan).

Revcor Inc. (Carpentersville, Illinois) acquired Air-Drive (Gurnee, Illinois).

Red Dot Corp. (Seattle) named Rick McNamee interim CEO following the resignation of Randy Gardiner.

Delta Electronics Inc.’s (Taipei, Taiwan) wholly owned subsidiary, Delta Electronics International Pte. Ltd. (Singapore), acquired shareholdings in Loy Tec electronics GmbH (Vienna, Austria) and Innocontrol electronics GmbH (Vienna, Austria).

Publication date: 5/23/2016

Want more HVAC industry news and information? Join The NEWS on Facebook, Twitter, and LinkedIn today!