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

NIBE Industrier AB entered a stock purchase agreement to acquire 100% of The Climate Control Group from LSB Industries for $364 million, debt-free/cash-free, expanding NIBE's U.S. presence in HVAC and heat pumps.

“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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