# Ten Oaks Group to acquire Master-Bilt and Nor-Lake from Standex

Standex Refrigerated Solutions Group reached a definitive agreement to sell its Master-Bilt and Nor-Lake refrigeration businesses to Ten Oaks Group. The closing is expected within 45 days.

- Type: Acquisition
- Announced: 2020-03-16
- Where: United States
- Value: $11.0M
- Status: announced
- Products: refrigeration equipment
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Standex Refrigerated Solutions Group](https://endata.com/companies/45949.md)
- [Standex International](https://endata.com/companies/10200.md) (target)
- [Ten Oaks Group](https://endata.com/companies/45950.md) (acquirer)

## Sources

- [achrnews.com](https://www.achrnews.com/articles/142842-standex-refrigerated-solutions-group-sells-master-bilt-and-nor-lake), 2020-03-16: "Standex determined that the Refrigerated Solutions Group (RSG), specifically the Master-Bilt and Nor-Lake brands, no longer aligns with its long-term strategy."
- [marketscreener.com](https://www.marketscreener.com/quote/stock/STANDEX-INTERNATIONAL-COR-14532/news/Ten-Oaks-Group-completed-the-acquisition-of-Refrigerated-Solutions-Group-of-Standex-International-Co-33912685/), 2020-04-15: "Ten Oaks Group completed the acquisition of Refrigerated Solutions Group of Standex International Corporation."

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