Lennox Explores Divestiture of European Businesses to Focus on North America

Lennox International is exploring the potential sale of its European businesses, including Lennox EMEA HVAC & Commercial Refrigeration and Hyfra Process Cooling, to refocus resources on North America. As part of this reorganization, the standalone Refrigeration segment will be eliminated and Heatcraft Refrigeration Products will move to the Commercial segment.

“The Company is exploring potential divestitures of its European businesses—Lennox EMEA HVAC & Commercial Refrigeration and Hyfra Process Cooling—to focus its resources on North America. Accordingly, effective January 1, 2023, the Company will reorganize into two reporting business segments—Residential Heating & Cooling and Commercial Heating & Cooling.”

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