Friday 22 March 2019

Halton Group acquires LCSystems

DUBAI, August 8, 2018

Halton Group, a global indoor air company, has acquired the business activities and product design rights of US-based LCSystems, a company that manufactures supply and exhaust air equipment for professional kitchens.

The acquisition, worth slightly below $4 million, makes the company a part of Halton's Foodservice business that specialises in professional kitchen environments, said a statement from the company.

In 2017, Halton delivered professional kitchen indoor air solutions to some 6,000 locations around the world, it said.

In recent years, Halton has been systematically working to expand its range of professional kitchen products from hood solutions to comprehensive air handling systems, it added.

Georges Gaspar, director of Halton Foodservice, said: “The acquisition of LCSystems supports our chosen strategy and accelerates the entry of our comprehensive solutions into the North American market, where we will continue to aim at significant growth as the industry-leading technology supplier.”

The acquisition is preceded by a long history between the two companies that has its roots in development work done within the ASHRAE (American Society of Heating, Refrigerating and Air-Conditioning Engineers, Inc) network in the 1990s. The companies started cooperation for manufacturing ETL licensed products in 2004.

Gaspar added: “Our long cooperation has been very functional and I believe that this acquisition offers interesting opportunities for creating new, innovative and customer-focused solutions for this important market.”

Steve Brown, founder for LCSystems, said: “I have known Halton for over 20 years and seen that our approach to product innovation, quality and customer relationship management is similar.”

“This experience has convinced me that LCSystems’ customers will continue to receive high-quality service from Halton,” he added. – TradeArabia News Service

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