Arpi Berdin bought back Arpi's Industries from Lennox (2004)

After Lennox decided to divest the commercial segment of Arpi's business, founder Arpi Berdin bought back the entire business in 2004.

“The Lennox ownership lasted a few years, but ultimately, they wanted to divest the commercial segment of Arpi's business. So, in 2004, at the age of 70, Arpi asked for the opportunity to buy back the entire business, and that's what he did.”

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