Carrier Corporation To Acquire Shollmier Distributing Inc. and Magnolia Air Conditioning and Supply.Business Editors SYRACUSE, N.Y.--(BUSINESS WIRE)--Nov. 17, 2000 Carrier Corp., a subsidiary of United Technologies Corp. (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 ), today announced that it has reached an agreement to acquire Shollmier Distributing Inc. and Magnolia Air Conditioning and Supply, independent distributors of its residential and light commercial products, headquartered in New Orleans, Louisiana, effective December 31, 2000. SDI (1) (Serial Digital Interface) A physical interface widely used for transmitting digital video in various formats. For electrical transmission, it uses a high grade of coaxial cable and a single BNC connector with Teflon insulation. and Magnolia have been distributing Carrier, Bryant 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 1989 and the Tempstar brand since 1995. SDI and Magnolia sell primarily to dealers and contractors with distribution and sales locations servicing portions of Louisiana CODE, OF LOUISIANA. In 1822, Peter Derbigny, Edward Livingston, and Moreau Lislet, were selected by the legislature to revise and amend the civil code, and to add to it such laws still in force as were not included therein. and Mississippi. The 110 employee company has 2000 projected revenues of approximately $58 million. "Carrier is focused on creating a more flexible, effective and efficient distribution channel, one that is closer to the customer," said Don Cawley, president of Carrier Enterprises. Carrier Enterprises includes Carrier Florida, Carrier Canada, Werners, and previously acquired distributors Automatic Equipment Sales (now Carrier Mid Atlantic, South Texas and Oklahoma), Carleton-Stuart (now Carrier Northeast), Carrier Bock and Climatic Southwest (now Carrier North Texas), and Thermo Industries (now Carrier North Carolina). Recently, Carrier announced the pending acquisition of A.T. Distributors headquartered in Memphis, Tennessee. With operations throughout North America, Carrier Enterprises sales will exceed $1.3 billion in 2001. Carrier Enterprise is a division of Carrier Corp., 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 Corp. (NYSE:UTX), provider of a broad range of high-technology products and support services to the aerospace and building systems industries. |
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