Modine in exclusive negotiations to acquire UK air-handling maker Barkell Limited

Modine Manufacturing entered exclusive negotiations to acquire UK custom air-handling-unit maker Barkell Limited via its Airedale subsidiary, expanding its HVAC air-handling product line. Deal expected to close in Q1 2014; terms undisclosed.

“Modine Manufacturing Co. announced that it has entered into exclusive negotiations to acquire privately-held Barkell Limited, a manufacturer of custom built air handling units located in Consett, County Durham, United Kingdom. This acquisition, which Modine expects to facilitate through its Airedale U.K. subsidiary, will provide Modine with an expanded product offering in the air handling segment, further extending its overall business offering in the HVAC market.”

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