NIBE to acquire Climate Control Group from LSB Industries for $364M

NIBE Industrier of Sweden and LSB Industries entered a stock purchase agreement for NIBE to acquire 100% of The Climate Control Group (ClimateMaster, IEC, ClimateCraft, ClimaCool, Koax, ThermaClime) for $364 million on a debt-free/cash-free basis.

“MARKARYD, Sweden, and OKLAHOMA CITY — NIBE Industrier AB of Sweden and LSB Industries Inc., Oklahoma City, announced that they have entered into a stock purchase agreement by which NIBE will acquire 100 percent of the outstanding shares of The Climate Control Group Inc. from LSB for a purchase price of $364 million, on a debt-free/cash-free basis, in cash at completion.”

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