Carver buys Canadian PTAC manufacturer21st December 2016
UK: Carver, the owners of HVACR manufacturers Biddle and Thermoscreens, has acquired Canadian air conditioning manufacturer Applied Comfort Products.
Formed in 1994, and with a factory in Cambridge, Ontario, Applied Comfort Products primarily manufactures packaged terminal air conditioner (PTAC) units.
Carver Group has targeted significant growth in turnover and profit by 2020 as a result of this acquisition and aims to use it as a means to grow its UK brands in North America.
These brands include Thermoscreens and Biddle Air Systems, which manufacture air curtains and climate control solutions respectively.
Aidan Killeen, group CEO at Carver, said: “North America is a big market for HVAC and we have been strategically looking for entry into the market. Acquiring Applied Comfort Products provides the ideal opportunity for us to have a greater presence in North America and grow our existing UK businesses.”