Aeroquip Acquires Italian Air Conditioning Businesses.MAUMEE, Ohio--(BUSINESS WIRE)--May 11, 1998--Aeroquip-Vickers, Inc. (NYSE NYSE See: New York Stock Exchange :ANV ANV Army of Northern Virginia ANV Anvik, AK, USA (Airport Code) ANV Autoritatea Nationala a Vamilor (Romania) ANV Alaska Native village (US) ANV Association of Napata Volunteers ) announced today that its Aeroquip Corporation subsidiary has completed the acquisition of Finimpresa S.r.I. and Comaco S.r.I. of Milan, Italy. The operations become part of the Aeroquip Industrial Group. Aeroquip-Vickers announced on April 9 that Aeroquip had signed a letter of intent to acquire Finimpresa and Comaco. Terms of the sale were not disclosed. Finimpresa manufactures and distributes valves and accessory products, and Comaco manufactures and distributes copper and flexible linesets. Both products serve the residential and commercial air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. and refrigeration refrigeration, process for drawing heat from substances to lower their temperature, often for purposes of preservation. Refrigeration in its modern, portable form also depends on insulating materials that are thin yet effective. markets. Finimpresa also manufactures and distributes hydronic hy·dron·ic adj. Of or relating to a heating or cooling system that transfers heat by circulating a fluid through a closed system of pipes. [hydr(o)- + -onic (as in electronic).] heating valves. Aeroquip-Vickers, Inc. is two companies, Aeroquip Corporation and Vickers, Incorporated, worldwide manufacturers and distributors of engineered components and systems to the industrial, automotive and aerospace markets. CONTACT: Aeroquip-Vickers, Inc., Maumee Investor: William R. Ammann, 419/867-2215 Media: Richard G. Rump, 419/867-2292 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion