“Allen and Rudy have long careers with Nibco, and the knowledge and expertise that they both bring to these roles will be valuable for the success of our organization,” said Ashley Martin, Nibco's president and COO.

Steve O’Brien, senior vice president, president, and general manager of A.O. Smith's Lochinvar brand, will succeed Dave Warren, senior vice president, president, and general manager of the North America water heating division, when Warren retires April 1.

The transaction marks another step forward in Carrier’s portfolio transformation, further strengthening the company’s global leadership position in intelligent climate and energy solutions, the company said in a press release.

The Commonwealth of Virginia will leverage the two standards to promote greater uniformity with existing statewide programs across the country.

Carrier Global Corporation to work with Montana Technologies LLC to develop and commercialize Montana's transformational AirJoule dehumidification and cooling technology.

The Building Performance Institute has updated the standard to provide more flexibility to contractors while maintaining consistent and conservative savings estimations.

In addition to the aluminum hydroxide layer that formed on the surface, a second amorphous layer developed underneath it, which indicates there is a transport mechanism that diffuses oxygen into the substrate.

The acquisition will expand Laars’ residential, commercial, and industrial space-heating portfolio.

The increase on residential products will be by a blended average of 6%, the increase on light commercial products will be by a blended average of 8%, and the increase on commercial applied products will be by a blended average of 10%.