Lennox sells Kysor Warren to Epta
USA/ITALY: Lennox International’s Kysor Warren refrigerated display case manufacturing business has been acquired by Epta for $49m.
Lennox announced its intention to sell Kysor Warren, which is based in Columbus, Georgia, in February. Lennox had previously divested of its refrigeration businesses in Australia, Asia and South America in 2018.
“Divesting the Kysor Warren refrigerated display case business enables us to focus on our commercial refrigeration businesses where we have strong market positions in North America and Europe and that fit our growth profile,” said Lennox International chairman and CEO Todd Bluedorn.
“Looking ahead, we are well-positioned to fully capitalise on market and share growth opportunities and drive refrigeration segment margin from approximately 13% to a range of 15-17% within the next three years,” he added.
Kysor Warren was acquired by Lennox in 2011 from Manitowoc.
With its headquarters in Milan, Epta is a multinational group specialised in commercial refrigeration for retailers. Its brands incude Costan, Bonnet Neve, George Barker, Eurocryor, Misa and Iarp.
Related stories:
Kysor Warren buy-out creates new Epta company – 1 April 2019
ITALY: Following today’s acquisition of Kysor Warren, Epta has announced that it will create a new company Kysor Warren Epta US Corp. Read more…
Lennox to sell Kysor Warren refrigeration business – 5 February 2019
USA: Lennox has announced plans to sell Kysor Warren, its US refrigerated display case manufacturing business. Read more…
