Key Takeaways
- Hessaire Products, Inc. acquired Air Distribution Technologies, PennBarry.
- Sector: Industrials, Manufacturing.
- Geography: United States.
Analysis
- Air Distribution Technologies is divesting the PennBarry business as part of a strategic simplification of its portfolio.
- The sale aims to allow for continued growth of the PennBarry brand under a dedicated ventilation-focused platform.
- Air Distribution Technologies will now focus its resources on its core air distribution and air systems controls businesses.
- PennBarry has a long history, with roots dating back to 1860.
- Hessaire Products, Inc. will acquire the PennBarry business.