Lennox International Sells Electrical Products Division Assets to Emerson
DALLAS, Aug. 25 /PRNewswire-FirstCall/ -- Lennox International Inc. (NYSE: LII) has sold the assets of its Electrical Products Division (EPD) business, part of its Advanced Distributor Products division, to Emerson (NYSE: EMR). The financial impact of this transaction is not material to LII's operating performance, and financial details were not disclosed.
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Based in Murfreesboro, TN, EPD produces open coil heating elements used primarily in residential and commercial heating, ventilation, and air conditioning (HVAC) applications. EPD supplies various HVAC manufacturers, including LII subsidiary companies.
"This transaction is a continuation of our previously stated strategy to focus all of our efforts on our three core businesses -- heating and cooling equipment; Service Experts, our retail sales and service division; and global refrigeration," said Bob Schjerven, chief executive officer, LII.
A Fortune 500 company operating in over 100 countries, Lennox International Inc. is a global leader in the heating, ventilation, air conditioning, and refrigeration markets. Lennox International stock is traded on the New York Stock Exchange under the symbol "LII". Additional information is available at: http://www.lennoxinternational.com or by contacting Karen O'Shea, vice president, communications and public relations, at 972-497-5172.
SOURCE Lennox International Inc.