M&M Refrigeration, LLC (M&M) announces its investment in Carnot Refrigeration (Carnot). The terms of the acquisition were not disclosed.
"This partnership firmly establishes our position as the leader in CO2-based refrigeration by combining M&M's industry-leading cascade solutions with Carnot's innovative transcritical solutions," states Chad Riedel, President of M&M Refrigeration. "We will continue to serve our customers by providing refrigeration systems that reduce their operating costs and environmental footprint. In addition, we will be able to expand our collective service and controls offerings."
"We are thrilled to partner with M&M, and together pursue a future where eco-friendly refrigeration is the global standard. M&M's complementary market coverage and resources enhance our ability to service the growing demand for green refrigeration and heat pumps," says Marc-André Lesmerises, CEO and Founder of Carnot Refrigeration.
