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YORK INTERNATIONAL ANNOUNCES IT HAS REACHED AGREEMENT TO ACQUIRE AIRCHAL INDUSTRIES

YORK INTERNATIONAL ANNOUNCES IT HAS REACHED AGREEMENT TO ACQUIRE AIRCHAL
 INDUSTRIES
 YORK, Pa., April 29 /PRNewswire/ -- York International Corporation (NYSE: YRK) today announced that it has reached agreement for the purchase of Airchal Industries, S.A., a French corporation. The agreement is subject to the final approval of York's board of directors and the French Ministry of Finance.
 Airchal, with 1991 revenue of approximately $10 million, manufactures and supplies air handling equipment to the air conditioning and refrigeration markets in Europe and the Middle East, and over the years has earned a reputation as a leading French supplier with over 30,000 air handling units in service today.
 "We look upon this acquisition as an opportunity for York to expand its product offering, particularly in Europe," said Joseph B. Hunter, president of York's international business group. "We also see this as an opportunity for Airchal to increase its business by taking advantage of York's worldwide distribution. In other words, both sides will benefit. York will gain access to a product line that is widely accepted in international markets and Airchal will gain access to York's distribution and capital resources."
 York International Corporation is a full-line, global manufacturer of heating, ventilating, air conditioning and refrigeration products. York is the third-largest HVACR manufacturer in the United States and a leading competitor in the industry internationally. The company's products are sold in more than 100 countries and York has 11,500 employees worldwide.
 -0- 4/29/92
 /CONTACT: Helen Marsteller of York, 717-771-7451/
 (YRK) CO: York International Corporation; Airchal Industries, S.A. ST: Pennsylvania IN: SU: TNM


GK -- NY033 -- 4261 04/29/92 10:14 EDT
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Publication:PR Newswire
Date:Apr 29, 1992
Words:273
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