Carrier Acquires Andrews Distributing Company.Business Editors SYRACUSE, N.Y.--(BUSINESS WIRE)--May 16, 2001 Carrier Corporation announced today that it acquired Andrews Distributing Company, an independent distributor of Carrier residential and light commercial products headquartered in Nashville, Tenn. Andrews, a distributor of Carrier and Payne HVAC (Heating Ventilation Air Conditioning) In the home or small office with a handful of computers, HVAC is more for human comfort than the machines. In large datacenters, a humidity-free room with a steady, cool temperature is essential for the trouble-free equipment since 1957, sells primarily to dealers and contractors in middle and eastern Tennessee, with distribution and sales locations in Knoxville, Chattanooga and Kingsport, Tenn. The 90-employee company had 2000 revenues of approximately $50 million. "The Andrews acquisition provides us with a seasoned sales organization with strategic locations that will support the growth of our business throughout Tennessee," said Don Cawley, president of Carrier Enterprises, Carrier's distribution division. "We thank the Andrews family for many years of service to Carrier Corporation." Carrier's North American owned distribution companies include territories covering the Eastern and Southern United States The Southern United States—commonly referred to as the American South, Dixie, or simply the South—constitutes a large distinctive region in the southeastern and south-central United States. as well as Canada, with projected sales of $1.5 billion in 2001. Carrier Corporation is the world's largest manufacturer of heating, air conditioning 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. systems and equipment. Carrier Corporation is a subsidiary of United Technologies Corporation (NYSE NYSE See: New York Stock Exchange :UTX UTX United Technologies Corporation (stock abbreviation, AMEX) UTX Unreal Texture (a texture pack for Unreal-engine games) UTX Unit Training Exercise UTX Under Track Crossing ), provider of a broad range of high-technology products and support services to the aerospace and building systems industries. |
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