Business
HALTON Group, a global indoor air company, has acquired the business activities and product design rights of LCSystems Inc., a family company from Kentucky in the United States that manufactures supply and exhaust air equipment for professional kitchens. The acquisition makes the company a part of Halton’s Foodservice business that specializes in professional kitchen environments. In 2017, Halton delivered professional kitchen indoor air solutions to some 6,000 locations around the world.
In recent years, Halton has been systematically working to expand its range of professional kitchen products from hood solutions to comprehensive air handling systems.
“The acquisition of LCSystems supports our chosen strategy and accelerates the entry of our comprehensive solutions into the North American market, where we will continue to aim at significant growth as the industry-leading technology supplier,” Georges Gaspar, director of Halton Foodservice, said.
The acquisition is preceded by a long history between the two companies that has its roots in development work done within the ASHRAE (American Society of Heating, Refrigerating and Air-Conditioning Engineers, Inc.) network in the 1990s. The companies started cooperation for manufacturing ETL licensed products in 2004.
“Our long cooperation has been very functional and I believe that this acquisition offers interesting opportunities for creating new, innovative and customer-focused solutions for this important market”, Gaspar says.
Steve Brown, founder for LCSystems, had the following to say: “I have known Halton for over 20 years and seen that our approach to product innovation, quality and customer relationship management is similar. This experience has convinced me that LCSystems’ customers will continue to receive high-quality service from Halton.”
The acquisition worth slightly below USD 4 million was completed 30 June 2018.
2019 will mark Halton’s 30th anniversary on the US market.
– Aug. 8, 2018 @ 12:59 GMT |
BE
Tags: Halton Group acquires US indoor air equipment manufacturer
