Carrier Corp. has signed a letter of intent to acquire E.B. Ward & Co./Valair, a long-standing Carrier distributor of residential, light commercial and commercial products. The purchase price is not
Weil-McLain named John Way as president. He formerly was president of Thermal Product Solutions, a unit of SPX Corp. The company offers hydronic heating systems for residential and commercial structures,
Lennox International Inc. will open a new manufacturing operation in Saltillo, Mexico under the name LII United Products. The manufacturing lines responsible for Lennox-brand Merit series air conditioners and heat
Watsco Inc., a distributor of air-conditioning
and heating equipment, said its second-quarter profit slid 21% due to a cooler
summer and a slow new-housing market, according to a report from the Associated
Press.
Combined U.S. factory shipments of central air
conditioners and air-source heat pumps for May totaled 739,647, up 8.5% from
May 2006 shipments, according to the Air-Conditioning and Refrigeration
Institute (ARI).
Watsco, Inc., Miami, and ACR Group, Inc.,
Houston, announced that they have executed a definitive merger agreement under
which Watsco will seek to acquire ACR’s outstanding common stock in a cash
tender offer of $6.75 per share.
Mark Bernstein, visiting professor, Future Fuels and Energy Initiative, Department of Political Science, University of Southern California, makes a point about growth in the energy-efficiency industry.Some 25 experts from the
Johnson Controls Inc. announced its Bluewater Challenge promotion, which awards 18 grand-prize winners a four-day, three-night deep sea fishing trip for two to the Florida Keys in Feb. 2008, including
Luxaire distributor Milwaukee Stove & Furnace Supply Co., Milwaukee, WI, and Luxaire dealer Arlington Heating & Air-Conditioning, Arlington, VA, were the big award-winners at the Luxaire annual sales meeting April