International. Lennox International Inc made the strategic decision to sell its refrigeration businesses in Australia, New Zealand, Asia and Brazil.
The company reached an agreement for this sale with Beijer Ref AB, a company originally from Stockholm. The sale is expected to close in the second quarter of 2018. LII is also in the process of selling for the business in Brazil, expecting the transaction to also conclude in the second quarter of 2018.
In order to take the next step of continuous improvement of the company, Lennox International will focus its resources and efforts on the places best positioned to achieve the objectives of growth and profits at a higher level.
The sale of refrigeration businesses does not affect the HVAC business managed by Lennox Global in Miami under the direction of Victor Mora, the company's Ceo. If you have any specific questions, you can contact Lennox Global or Victor Mora directly.
