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News Archive - July 2005

Cheap cabinets bring down EcoQuip 27 July 2005
OXFORDSHIRE-based EcoQuip Ltd., one of the country's best-known suppliers of refurbished commercial refrigeration display cabinets, has called in the administrators after a downturn in business. This is said to have been compounded by a new, much cheaper source of cabinets being available causing the refurbishment market to contract. In recent times, the company was forced to reduce staffing, which before the administrators were called in numbered around 50 employees.

Henry finds new owners 27 July 2005
HENRY Technologies has been acquired by US private equity company Hendricks Holdings for an undisclosed sum.

Royair returns "in good shape" 27 July 2005

EMPLOYEES and creditors of air conditioning component manufacturer Royair received welcome news last month as the Hontion-based company came out of administration....

Daikin formally opens first Czech factory 27 July 2005
DAIKIN has now formally opened the first of its two factories in the Czech Republic.

DuPont to purchase Rhodia's blends business 01 July 2005
US REFRIGERANT producer DuPont is set to purchase the Isceon HFC refrigerant blends business from Rhodia.

Danfoss buys Swedish heat pump company 01 July 2005
DANFOSS A/S has acquired the Swedish heat pump manufacturer Thermia Värme AB.

MGR adds US products 01 July 2005
CANNOCK-BASED ac distributor MGR has extended its portfolio of products with the addition of three new products from the USA.

Caravell underlines independence with "no frills" range 01 July 2005
LESS than six months after its bid for independence, refrigeration equipment supplier Caravell UK has launched a new range of "price-competitive products" and expects to have a further £6m distribution agreement in place by the end of this month. The Buckingham-based company successfully completed a £9.8m MBO from its Danish parent company on March 1.

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