Add-on acquisition · Closed Nov 2000
Carrier acquires distributors Shollmier and Magnolia Air Conditioning
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Summary
Carrier Corp., a subsidiary of United Technologies, agreed to acquire independent distributors Shollmier Distributing Inc. and Magnolia Air Conditioning and Supply (New Orleans), a 110-employee operation with ~$58M projected 2000 revenues, continuing Carrier's distribution-channel consolidation.