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February 7, 2005
Enodis Sells Vent Master
Enodis reached an agreement to sell its Vent Master subsidiary to The Halton Group for $6 million. The sale, which becomes effective on March 4, includes the Vent Master and Air Tech Brands.
Under the terms of the agreement, Garland Commercial Ranges will continue to serve as Vent Master’s sales arm in Canada, and Enodis’U.S.-based manufacturers representatives will continue to handle the Vent Master product lines.
In addition, Enodis and The Halton Group, a global supplier of indoor climate products and systems, will form a strategic alliance that will include supply and development agreements, as well as commercial cooperation.
According to Enodis, Vent Master represents less than 3% of the conglomerate’s overall sales, which reached $22.6 million in the fiscal year that ending on Oct. 2, 2004.
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