M&A Deal Summary

NIBE Acquires The Climate Control Group

On May 12, 2016, NIBE acquired electrical equipment company The Climate Control Group from LSB Industries for 364M USD

Acquisition Highlights
  • This is NIBE’s 6th transaction in the Electrical Equipment sector.
  • This is NIBE’s largest (disclosed) transaction.
  • This is NIBE’s 3rd transaction in the United States.
  • This is NIBE’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2016-05-12
Target The Climate Control Group
Sector Electrical Equipment
Buyer(s) NIBE
Sellers(s) LSB Industries
Deal Type Divestiture
Deal Value 364M USD

Target

The Climate Control Group

Oklahoma City, Pennsylvania, United States
The Climate Control Group, Inc. is a manufacturer of HVAC solutions for commercial and residential applications.

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Buyer(S) 1

Buyer

NIBE

Markaryd, Sweden
Category Company
Founded 1949
Sector Electrical Equipment
Employees22,500
Revenue 46.6B SEK (2023)
DESCRIPTION

NIBE is an international heating technology company. Operations are conducted within three business areas – NIBE Energy Systems, NIBE Element and NIBE Stoves – all of which work according to a single vision of creating world-class solutions in sustainable energy. NIBE was founded in 1949 and is based in Markaryd, Sweden.

DEAL STATS #
Overall 6 of 7
Sector (Electrical Equipment) 6 of 6
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 3 of 3
Year (2016) 2 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-01 Heatron

Leavenworth, Kansas, United States

Heatron, Inc. is a highly engineered specialty heating elements and components for a wide range of applications. Heatron offers its customers complete thermal management solutions from initial concept, design and testing to complex manufacturing based on heating technologies which include, flexible, cartridge and specialty heaters as well as thick film.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-17 FPI Fireplace Products International

Delta, British Columbia, Canada

FPI Fireplace Products International Ltd. is a provider of gas, wood, and pellet fireplaces, inserts and freestanding stoves, through attention to flame, heat, efficiency, safety and quality. FPI manufacturers and distributes the Regency, Hampton, and Greenfire brands of hearth products.

Buy -

Seller(S) 1

SELLER

LSB Industries

Oklahoma City, Oklahoma, United States
Category Company
Founded 1968
Sector Chemicals
Employees586
Revenue 594M USD (2023)
DESCRIPTION

LSB Industries is a manufacturing and marketing company. LSB’s principal business activities consist of manufacturing and sale of chemical products for the agricultural, mining, and industrial markets and manufacturing and sale of commercial and residential climate control products, such as water source and geothermal heat pumps, hydronic fan coils, modular geothermal chillers, and large custom air handlers. LSB Industries was founded in 1968 and is based in Oklahoma City, Oklahoma.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-29 LaRoche Industries - Crystal City and Cherokee Assets

United States

LaRoche Industries - Crystal City and Cherokee assets consist of the manufacture and sale of nitrogen products for the mining, agricultural and industrial markets.

Buy -
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