Krack Corp. announced that it has sold the assets of its Krack industrial refrigeration business to SGS Refrigeration Inc. Terms of the sale were not disclosed. Krack retains ownership of its commercial business.
The Manitowoc Co. Inc. announced that it has sold its Jackson warewashing business to Hoshizaki USA Holdings Inc. Specific terms of the asset sale were not disclosed. Jackson is a leading producer of warewashing equipment systems primarily for institutions and commercial kitchen applications.
Lennox International Inc. announced plans to divest its Service Experts business, which consists of dealer-contractors providing heating and cooling equipment installation and service primarily to the residential market.
Lennox International Inc. has announced plans to divest its Service Experts business, which consists of dealer-contractors providing heating and cooling equipment installation and service primarily to the residential market. Lennox said it will retain the commercial service business called Lennox National Account Services.
Unico names vice president of sales; Parker Hannifin signs agreement to sell automotive a/c portion of its Mobile Climate Systems Division; Sullair announces United Technologies to purchase Hamilton Sundtrand’s industrial businesses, including Sullair.
Emerson announced that it has sold Knaack L.L.C., its jobsite, truck, and van storage business, to Werner Co., a leader in ladders and other commercial climbing and safety equipment. The purchase price was $115 million.
EMCOR Group Inc. announced that it has entered into an agreement to sell its Toronto-based Canadian subsidiary, Comstock Canada Ltd., to CCL Equities Inc., an Ontario, Canada-based corporation.
Ingersoll-Rand plc has entered into an agreement to sell a 60 percent stake in its Hussmann refrigerated display case business to the private equity firm Clayton Dubilier & Rice LLC (CD&R).
