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Air Distribution Technologies Completes Sale of PennBarry to Hessaire
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Summary
Air Distribution Technologies (ADT), a portfolio company of Truelink Capital, has completed the sale of its PennBarry business to Hessaire Products, Inc. The transaction is part of ADT's strategy to streamline its portfolio and focus on core HVAC brands. PennBarry designs and manufactures ventilation solutions for industrial and commercial applications.