Aussie Plumbing Parts Co. Reece Pays $280M For Actrol

Law360, New York (February 3, 2014, 1:20 PM EST) -- Plumbing products company Reece Australia Ltd. has completed a $280 million acquisition of refrigeration company Actrol Group from private equity firm Catalyst Investment Managers, the companies said Monday.

Reece is looking to enter the Australian air conditioning and refrigeration industries, using Actrol as the vehicle. The acquisition covers AC Components, a refrigeration parts wholesaler and Actrol Parts, a commercial refrigeration and air conditioning distribution business.

"Actrol Group has strong market positions across the commercial and residential HVAC-R markets and represents a compelling strategic fit with Reece,"...
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