The brand-new 30,000-square-foot building will incorporate state-of-the-art lab facilities, testing equipment, and engineering areas as well as office space for more than 60 people. Midea America’s sales and marketing offices will remain headquartered in New Jersey.
Other countries in select regions, such as Europe and Asia-Pacific, are also beginning to follow suit with ZNE initiatives and energy-efficient building codes. According to a report from the research firm, North America is expected to lead the ZNEH market from 2015-2025.
Fujitsu General America Inc. names Matt Peterson president and COO; Modine Mfg. Co. announces it has entered into a definitive agreement to acquire Luvata Heat Transfer Solutions; more HVAC news briefs.
Team Air Distributing Inc. relocates Knoxville, Tennessee, branch facility; TruTech Tools Ltd. receives Inc. magazine ranking; more HVAC distributor news briefs.
The Institute of Refrigeration is accepting nominations for the J&E Hall Intl. Gold Medal; BSRIA Ltd. names new principal consultant; more HVAC organization news briefs.
Inc. magazine ranked TruTech Tools No. 3,962 on its 35th annual Inc. 5000, a ranking of the nation’s fastest-growing private companies. The list provides a look at the most successful companies within the American economy’s most dynamic segment — its independent small businesses.
Morsco Inc., a distributor of commercial and residential plumbing products, HVAC equipment, and pipe, valves and fittings (PVF), announced it has signed an agreement to acquire Fortiline Waterworks, one of the largest waterworks distributors in the U.S., as its waterworks distribution platform.
The global hearth market is forecast to grow to $18.43 billion by 2022, increasing at a compound annual growth rate (CAGR) of 2.5 percent between 2016 and 2022, according to a report published by MarketsandMarkets.