Samsung to acquire its US distributor19th August 2014
USA: Samsung Electronics America has agreed to acquire its US distributor Quietside Corporation.
Based in California, Quietside has been the master distributor for Samsung hvac products in the US and Canada since 1998.
As a result of the acquisition, Quietside says it will be increasing its personnel and infrastructure investment in North America in order to serve the continuing rapid expansion of the split ductless and VRF product categories.
Sang Lee, the founder of Quietside, will remain as ceo and will have operational responsibility for the company. Mr. Lee has 29 years of experience in the North American hvac market.
“Samsung is excited to deepen our long relationship with Quietside by making this acquisition,” said Tim Baxter, president of Samsung Electronics America. “Samsung always looks to bring innovation and new technology to our customers and we look forward working with Sang and his team to bring that same commitment to selling hvac products to customers across the United States and Canada.”
“The acquisition of Quietside by Samsung provides a terrific benefit to our customers and employees,” said Sang Lee. “The rapid growth of our product categories in North America provides a great opportunity for us to scale our business rapidly to meet the needs of the market. The operational capabilities of Samsung and the strength of the Samsung brand will mean incredible opportunities for us all going forward.”
The company will continue to be headquartered in the Dallas/Fort Worth area.