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Add-on acquisition Jan 2020 · Australia Verified

Beijer Ref acquires Australian HVAC distributor ACD Trade

Global refrigeration wholesaler Beijer Ref AB agreed to acquire all shares in Australian HVAC distribution company ACD Trade (from Cliplight US Holdings), strengthening its Asia Pacific presence; APAC sales estimated to top A$460 million post-deal.

“Global refrigeration wholesaler Beijer Ref AB has signed an agreement to acquire all shares in the Australian HVAC company ACD Trade.”

Entities

ACD Trade · Target Beijer Ref AB · Acquirer Cliplight US Holdings, Inc. · Parent
HVACRefrigeration Sentiment: Positive

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.