Modine Acquires Airedale International Air Conditioning

Modine Manufacturing Co. acquired privately held Airedale International Air Conditioning Limited for approximately $38 million in cash. The acquisition nearly doubles the size of Modine's HVACR business and provides geographic diversification, with Airedale generating about 40% of its revenues outside the U.K.

“Modine Manufacturing Co. announced that it has acquired privately held Airedale International Air Conditioning Limited of Leeds, England, for approximately $38 million in cash.”

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