Carrier Corporation to Acquire A.T. Distributors, Inc.Business Editors SYRACUSE, N.Y.--(BUSINESS WIRE)--Nov. 13, 2000 Carrier Corporation, 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 ), today announced that it has reached an agreement to acquire A.T. Distributors, an independent distributor of Carrier residential and light commercial products headquartered in Memphis, Tenn., effective Dec. 31, 2000. A.T. Distributors has 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 1957. A.T. sells primarily to dealers and contractors with distribution and sales locations servicing portions of western (Memphis) Tennessee, eastern Arkansas and northern Mississippi. The 94-employee company has 2000 projected revenues of approximately $40 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 North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. ). With operations throughout North America, Carrier Enterprises sales will exceed $1.3 billion in 2001. Carrier Enterprises is a division of Carrier Corporation, 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:UTX), provider of a broad range of high-technology products and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to the aerospace and building systems industries. |
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