SPX acquires SGS Refrigeration

http://www.chinaiol.com   2019/7/11 9:21:21   Source:cooling post  

SPX Corporation has completed the acquisition of Illinois-based SGS Refrigeration Inc, a manufacturer and distributor of industrial refrigeration products in the North American market.

SGS’s 2018 annual revenues were approximately $15m, including approximately $3.5m of inter-company sales with SPX. The company’s results will be reported as a part of SPX’s HVAC Cooling business unit within its HVAC segment. 

Established in 2010, SGS Refrigeration manufactures and supplies industrial evaporators and evaporative condensers. The company has been involved in a partnership with SPX since 2015 to produce the Cube line of forced draft and induced draft evaporative condenser.