Daikin Acquires Stevens Equipment Supply for distribution in 12 states
Daikin North America LLC “Daikin”, manufacturer of HVACR products, announced the purchase of Stevens Equipment Supply, LLC “Stevens“.
Daikin has transformed the North American HVAC industry over the past several years making significant inroads into the market beginning with the purchase of Goodman Global Group, Inc., by DIL in 2012 for $3.7 billion. In 2015, DIL began construction of Daikin Texas Technology Park “DTTP“, a state-of-the-art business campus near Houston, TX that includes research and development, manufacturing, engineering, logistics, marketing, distribution and sales operations all under one roof. DTTP was completed in 2017, costing over $450 million, which is the largest, single investment in the 96-year history of DIL. DTTP sits on over 500 acres, employs over 7,000 people and at over 4 million square feet is one of the largest manufacturing facilities in the world – the size of 74 football fields. The purchase of Stevens is another in a series of investments to support Daikin’s vision for growth in North America.