hvacrollups.com
← All signals
Divestiture Apr 2015 Verified

PMFG divests its heat transfer business to focus on core strengths

PMFG's chairman and CEO said the company decided to divest its heat transfer business as part of a strategy to streamline operations and focus on its core pressure products, nuclear, and environmental product solutions.

““As part of the ongoing strategy to streamline our operations and focus on our core strengths, we have decided to divest our heat transfer business,” said Peter Burlage, PMFG chairman and CEO.”

Entities

Koch Heat Transfer Co. LP · Acquirer PMFG Inc. · Parent
OtherRefrigeration
Source: www.achrnews.com

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.