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Manufacturing M&A image Manufacturing M&A » By The Online Investor Staff, updated Thu., Mar. 28, 4:29 PM Recent mergers and acquisitions in the Manufacturing M&A category.

Slide #69. Modine Manufacturing Company Barkell Limited

Acquirer: Modine Manufacturing Company (NYSE:MOD)
Acquiree: Barkell Limited
Details: Modine Manufacturing Company (NYSE:MOD), a diversified global leader in thermal management technology and solutions, announced today it has entered into exclusive negotiations to acquire privately-held Barkell Limited, a manufacturer of custom built air handling units located in Consett (County Durham), United Kingdom. This acquisition, which Modine expects to facilitate through its Airedale UK subsidiary, will provide Modine with an expanded product offering into the air handling segment, further extending its overall business offering to the HVAC markets. The deal is expected to close during the first quarter of calendar 2014, and is subject to successful completion of due diligence and customary closing conditions. The terms of the anticipated deal were not disclosed.

Modine Manufacturing engages in providing thermal management products and solutions to global markets and customers in an array of commercial, industrial, and building heating, ventilating, air conditioning, and refrigeration (HVAC&R) markets. In addition, Co. is a provider of heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer vehicular applications. Co.'s segments are: Climate Solutions, which sells HVAC & refrigeration products, and data center cooling solutions; and Performance Technologies, which designs and manufactures air- and liquid-cooled technology for vehicular, stationary power, and industrial applications.

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Company Name:  Modine Manufacturing Co
Stock buyback:  MOD buyback
Website:  www.modine.com
Sector:  Auto Parts
Number of ETFs Holding MOD:  33
Total Market Value Held by ETFs:  $472.17M
Total Market Capitalization:  $5.00B
% of Market Cap. Held by ETFs:  9.44%
 

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March 28, 2024    4:29 PM Eastern
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Strong Buy (4.00 out of 4)
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