# Beijer Ref acquires Heatcraft Asia Pacific for $90M

Swedish group Beijer Ref acquired Heatcraft Asia Pacific from Lennox International for approximately $90 million, including a separate sale of Heatcraft's distribution hub in Milperra, Australia.

- Type: Acquisition
- Announced: 2018-03-12
- Where: Milperra, Sydney, Australia
- Value: $70.0M (90.0M AUD)
- Jobs: 300
- Status: announced
- Products: heating, ventilation, air conditioning and refrigeration equipment
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Beijer Ref](https://endata.com/companies/15341.md) (acquirer)
- [Lennox International](https://endata.com/companies/28657.md) (partner)
- [Lennox International](https://endata.com/companies/28657.md) (target)
- [Heatcraft Asia Pacific](https://endata.com/companies/30692.md) (target)
- [Heatcraft Australia Pty Ltd](https://endata.com/companies/30744.md) (target)
- [Kulthorn Kirby](https://endata.com/companies/30747.md) (target)

## Sources

- [afr.com](https://www.afr.com/street-talk/swedes-snap-up-local-refrigeration-group-20180314-h0xfql), 2018-03-11: "The business, which is owned by New York Stock Exchange-listed group Lennox International...has been acquired by Swedish group Beijer Ref."
- [beijerref.com](https://www.beijerref.com/news?f32f179d_page=15), 2018-03-14: "This acquisition is in line with our strategy to also grow outside Europe."
- [beijerref.com](https://www.beijerref.com/news?b0c4c993_page=2&f32f179d_page=15), 2018-03-14: "This acquisition is in line with our strategy to also grow outside Europe."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.