Lennox To Sell Its Germany-based Hyfra Process Cooling Business Unit To The Glen Dimplex Group

RTTNews | 489 days ago
Stocktwits
Lennox To Sell Its Germany-based Hyfra Process Cooling Business Unit To The Glen Dimplex Group

(RTTNews) - Climate-control solutions firm Lennox International, Inc. (LII) announced Friday it has entered into a definitive agreement to sell its Krunkel, Germany-based Hyfra Process Cooling business unit to the Glen Dimplex Group.

The company said the divestiture of its European business will enable it to continue its focused strategy on North America where it is best positioned to achieve its revenue growth and profit margin targets.

The closing of the transaction is subject to obtaining required consents and customary closing conditions. The transaction is expected to be completed in the fourth quarter of 2023.

Tags: LII
Stocktwits
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Lennox Int'l Guides FY23 In Line With Estimates

Lennox Int'l Guides FY23 In Line With Estimates

Ahead of its 2022 Investor Day in New York City later on Wednesday, Lennox International Inc. (LII) initiated its 2023 financial guidance and long-term financial targets for 2026.
RTTNews | 744 days ago
Asian Shares Mixed; Nikkei Rallies On Weak Yen

Asian Shares Mixed; Nikkei Rallies On Weak Yen

Asian stocks ended mixed on Friday, with Japanese markets leading regional gains on yen weakness while Seoul stocks tumbled amid an ongoing political turmoil in the country.
RTTNews | 5h 9min ago
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