Lennox Announces Definitive Agreement to Sell European Process Cooling Business to Glen Dimplex
DALLAS, Aug. 25, 2023 /PRNewswire/ -- Lennox (NYSE: LII), a leader in energy-efficient climate-control solutions, announces it has entered into a definitive agreement to sell its Hyfra Process Cooling business unit, headquartered in Krunkel, Germany, to the Glen Dimplex Group.
- DALLAS, Aug. 25, 2023 /PRNewswire/ -- Lennox (NYSE: LII), a leader in energy-efficient climate-control solutions, announces it has entered into a definitive agreement to sell its Hyfra Process Cooling business unit, headquartered in Krunkel, Germany, to the Glen Dimplex Group.
- "I want to thank the dedicated and talented employees in our Hyfra Process Cooling business for their many contributions to Lennox over the years.
- I am confident that Hyfra will be best positioned for continued success as part of the Glen Dimplex Group," Maskara concluded.
- Glen Dimplex Chief Executive Officer Fergal Leamy stated, "We are delighted to announce our acquisition of Hyfra in Germany and extend a warm welcome to all employees joining Glen Dimplex Group.