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Red Dot Agrees to Purchase Heating, A/C Maker JBAR
Terms were not disclosed in the announcemnt madelast weekby Red Dot,which said JBAR will retain its brand name, management and employees.
“This acquisition strengthens our manufacturing and distribution presence in the eastern U.S. and Canada and expands our family of HVAC unit kits,” said Randy Gardiner, Red Dot’s CEO and chairman. “With its focus on heavy-duty markets and reputation for quality and engineering, JBAR is a perfect complement for Red Dot.”
Red Dot intends to increase production capacity at JBAR to meet growing demand, according to the buyer’s statement. The acquisition is expected to be complete by Sept. 1.
