# Elgin signs agreement to acquire Heatcraft do Brasil

Elgin S.A. announced a binding agreement to acquire Heatcraft do Brasil, a manufacturer of condensers, evaporators, compressor racks, remote condensers and refrigeration monoblocks, from Lennox International. The transaction value was not disclosed and is subject to approval by Cade.

- Type: Acquisition
- Announced: 2018-04-26
- Where: Brazil
- Status: announced
- Products: condensers, evaporators, compressor racks, remote condensers, refrigeration monoblocks
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Lennox International](https://endata.com/companies/28657.md) (partner)
- [Elgin](https://endata.com/companies/31577.md) (acquirer)
- [Heatcraft do Brasil](https://endata.com/companies/31578.md) (target)

## Sources

- [revistadofrio.com.br](https://revistadofrio.com.br/elgin-assina-acordo-compra-heatcraft/), 2018-04-26: "Estamos muito confiantes com esta aquisição, cujo maior objetivo é oferecer um crescimento sustentável para esta união entre ambas as empresas."
- [fusoesaquisicoes.com](https://fusoesaquisicoes.com/acontece-no-setor/elgin-assina-acordo-para-comprar/), 2018-04-28: "A Elgin S.A. anunciou a assinatura de um acordo vinculante para comprar a Heatcraft do Brasil, indústria de condensadores, evaporadores, racks de compressores, condensadores remotos e monoblocos frigoríficos pertencente ao grupo Lennox International."

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