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Lennox International Inc. sold its Brazilian refrigeration business (Heatcraft do Brazil) to Elgin S.A., a Brazilian commercial products manufacturer, in August 2018.
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.