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Majority stake Announced May 2016 Verified

NIBE to acquire Climate Control Group from LSB Industries for $364M

Relationship map

Relationship map for NIBE to acquire Climate Control Group from LSB Industries for $364Mparent ofLSB Industries Inc.: Operating CompanyLILSB Industries Inc.The Climate Control Group Inc.: Operating CompanyTCThe Climate Control G…
Operating Company

Parties
Acquirer
LSB Industries Inc.
Operating Company
Target
The Climate Control Group Inc.
Operating Company

Summary

NIBE Industrier of Sweden and LSB Industries entered a stock purchase agreement for NIBE to acquire 100% of The Climate Control Group (ClimateMaster, IEC, ClimateCraft, ClimaCool, Koax, ThermaClime) for $364 million on a debt-free/cash-free basis.