Lennox International Inc. announced the sale of its Kysor Warren business to Epta S.p.A., a privately-owned commercial refrigeration company headquartered in Italy. The $49 million cash deal closed on March 29, 2019.
"Divesting the Kysor Warren refrigerated display case business enables us to focus on our commercial refrigeration businesses where we have strong market positions in North America and Europe and that fit our growth profile," said Lennox International Chairman and CEO Todd Bluedorn. "Looking ahead, we are well-positioned to fully capitalize on market and share growth opportunities and drive Refrigeration segment margin from approximately 13% to a range of 15-17% within the next three years."
