Add-on acquisition Mar 2020 Verified
Continental Materials HVAC Acquisitions in 2019
Continental Materials Corporation's HVAC segment reported a sales increase of $8,671,000 (11.8%) primarily due to the acquisitions of Global Flow Products and InOvate Dryer Technologies in the second quarter of 2019. The Door segment also saw a sales increase from acquisitions of Fastrac Building Supply and Serenity Sliding Door Systems.
“The HVAC segment reported sales increases of $8,671,000 (11.8%) primarily due to the acquisitions of Global Flow Products and InOvate Dryer Technologies. The Door segment reported a sales increase of $4,211,000 (20.9%) primarily due to the acquisitions of Fastrac Building Supply and Serenity Sliding Door Systems.”
Entities
Continental Materials Corporation · Acquirer Fastrac Building Supply · Target Global Flow Products · Target InOvate Dryer Technologies · Target Serenity Sliding Door Systems · Target
HVAC Sentiment: Neutral
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