M&A Deal Summary

Glen Dimplex Group Acquires Lennox - Hyfra Process Cooling Business Unit

On August 25, 2023, Glen Dimplex Group acquired electrical equipment company Lennox - Hyfra Process Cooling Business Unit from Lennox International

Acquisition Highlights
  • This is Glen Dimplex Group’s 4th transaction in the Electrical Equipment sector.
  • This is Glen Dimplex Group’s 2nd transaction in the United States.
  • This is Glen Dimplex Group’s 1st transaction in Texas.

M&A Deal Summary
Date 2023-08-25
Target Lennox - Hyfra Process Cooling Business Unit
Sector Electrical Equipment
Buyer(s) Glen Dimplex Group
Sellers(s) Lennox International
Deal Type Divestiture

Target

Lennox - Hyfra Process Cooling Business Unit

Richardson, Texas, United States
Lennox's Hyfra Process Cooling Business Unit provides climate control solutions for the heating, air conditioning and refrigeration markets. is based in Richardson, Texas.

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Buyer(S) 1

Buyer

Glen Dimplex Group

Cloghran, Ireland
Category Company
Founded 1973
Sector Electrical Equipment
DESCRIPTION

Glen Dimplex Group is a manufacturer of electrical heating technologies, as well as holding significant global market positions in domestic appliances, cooling, ventilation and renewable energy solutions.

DEAL STATS #
Overall 7 of 7
Sector (Electrical Equipment) 4 of 4
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-05 Applied Energy Products

Peterborough, United Kingdom

Applied Energy Products Ltd. (formerly Applied Energy Ltd) is a manufacturer and distributor of electric ventilation, heating, and water heating products branded Xpelair, Creda and Redring. The three brands were strong and widely recognized. Applied Energy Products was formed in 1935 and is based in Peterborough, United Kingdom.

Buy -

Seller(S) 1

SELLER

Lennox International

Richardson, Texas, United States
Category Company
Founded 1895
Sector Test/Measurement Equipment
Employees12,600
Revenue 5.0B USD (2023)
DESCRIPTION
Lennox International's corporate headquarters in Richardson, Texas.
Lennox International's corporate headquarters in Richardson, Texas.

Lennox International is a provider of climate control solutions for the heating, air conditioning and refrigeration markets. Lennox International was formed in 1895 and is based in Richardson, Texas.

DEAL STATS #
Overall 3 of 4
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 3 of 4
State (Texas) 1 of 1
Country (United States) 3 of 3
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Kysor/Warren

Columbus, Georgia, United States

Kysor/Warren is a manufacturer of refrigerated systems and display cases for supermarkets throughout North America.

Sell $49M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-21 Lennox - European Commercial HVAC and Refrigeration Businesses

Lyon, France

Lennox's European Commercial HVAC and Refrigeration Businesses manufactures and sells unitary HVAC products and applied systems. Lennox's European Commercial HVAC and Refrigeration Businesses is based in Lyon, France.

Sell -
Mergr

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