Munters forms US joint venture with Lordan
11th November 2026
USA: Swedish manufacturer Munters has formed a joint venture with coil manufacturer Lordan to establish a manufacturing facility in the US. It also plans to expand chiller production in Italy.
Munters says it will invest US$9.5m and hold 45% of the shares in the joint venture company, with Lordan holding the remaining 55%. The joint venture will see the establishment of a coil manufacturing plant near Munters Data Center Technologies’ facility in Selma, Texas. Production is expected to begin in 12-18 months.
“Through this collaboration with a well-established expert in heat exchangers, we are ensuring a flexible supply of high-quality coils and related components for products such as CRAHs and fan walls,” said Munters Data Center Technologies president Frank Pellegrino.
“The proximity to our existing facility is an added benefit from an efficiency and environmental perspective, and we’re excited about the potential for this joint venture to contribute to our in-house expertise around thermal management and heat exchange,” he added.
The agreement with Lordan is valid for seven years and includes commitments from the parties to produce and acquire a certain quantity of coils over that period, at preferred lead times and price levels. Lordan will be responsible for day-to-day operations at the facility while Munters will contribute with supply chain and staffing resources.
Lordan was established in 1958 in Israel, where it operates a 15,000m2 facility. In 2004 it opened Lordan UK with a 4,000m2 plant in Wales. In 2024, it formed a joint venture with Spanish company Serpentines y Evaporadores SA (SEREVA), a well-known heat exchanger manufacturer near Barcelona.
Italy expansion
Munters will also expand its existing chiller manufacturing facility in northern Italy to meet growing demand in Europe. The company is acquiring an adjoining site and will over the course of the coming year develop new production lines, R&D capabilities and testing facilities. The total investment is estimated at around €25m.
