LENNOX INTERNATIONAL INC acquires Kysor/Warren

LENNOX INTERNATIONAL INC acquired Kysor/Warren for $143.3 million, a transaction completed in January 2011, structured as Asset acquisition (substantially all assets of the Kysor/Warren business).

Kysor/Warren operates in Refrigeration, is based in North America. Kysor/Warren, acquired from The Manitowoc Company, is a leading manufacturer of refrigerated systems and display cases for supermarkets across North America. Lennox acquired the business to expand its refrigeration operations and extend its value chain directly to food retail and supermarket customers, combining its refrigeration subsystems with Kysor/Warren's systems and display cases. The deal was announced at roughly $138 million; total consideration was $143.3 million after post-closing working-capital adjustments.

Supports Lennox's growth strategy in the refrigeration market and extends its value chain directly to food retail and supermarket customers, pairing Lennox refrigeration subsystems with Kysor/Warren systems and display cases.

Advisory firms were not disclosed for this transaction.

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