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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 ofNIBE Industrier AB: Operating CompanyNINIBE Industrier ABThe Climate Control Group Inc.: Operating CompanyTCThe Climate Control G…
Operating Company

Parties
Acquirer
NIBE Industrier AB
Operating Company
Target
The Climate Control Group Inc.
Operating Company
Deal value$364M reported as reported by achrnews.com

Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.

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.