Airedale completes Barkell buy-out3rd March 2014
UK: Airedale International’s US parent company, Modine Manufacturing, has announced it has now completed the acquisition of Consett-based manufacturer of custom-built air handling units, Barkell Ltd.
A statement from the company says that the acquisition allows Airedale to extend its product portfolio to include a range of air handling units which offer data centres, offices and industrial facilities a highly energy-efficient cooling system which uses indirect fresh air as the primary cooling medium. Work is already underway, with production launch of the new AireFlow range set for this spring.
“Acquiring Barkell helps us expand both our product line and our sales channel in the UK,” said Matt McBurney, Modine’s vice president, commercial products group. “In addition, this acquisition will help us build on Modine’s success in the growing data centre air conditioning market by providing innovative solutions, including adiabatic cooling.”
“Everyone at Modine is excited about the opportunities Barkell and Airedale can bring to each other,” said Airedale managing director Clive Parkman. “We have been working together for a number of years and are pleased we have moved forward with this next step. With a focus on the air handling market, Barkell offers Airedale – and thus Modine – an excellent opportunity to expand both our product and service solutions to new and current customers.”
Airedale’s owner set to buy Barkell – 25th September 2013