Aug. 24, 2007 - Danfoss Acquires Chatleff Controls Inc.
Chatleff Controls is based in Austin, TX, and markets connectors and distributors for the U.S. residential air-conditioning market. The company has 250 employees and had net sales of approximately $42 million in 2006.
“With Chatleff Controls joining Danfoss, we will become a solutions provider in this area in addition to being a component manufacturer. This is a natural result of a market movement in the direction of supplying thermostatic expansion valves (TXVs) assembled together with connectors and distributors,” says Kim Fausing, president, Danfoss Refrigeration & Air-Conditioning division.
“Danfoss and Chatleff Controls are both family-owned companies with strong and dedicated values that match each other well,” says Raymond G. Henderson, CEO and owner of Chatleff Controls.
Chatleff Controls will become part of the System & Assemblies business unit within the Danfoss Refrigeration & Air-Conditioning division.