2 November 2009
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Carrier sells CCAC to Filipino firm
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CARRIER has sold its controlling stake in Concepcion Carrier Air Conditioning (CCAC) to its Filipino joint venture partner Concepcion Industries.
CCAC (established in 1998) is the residential air-conditioning industry leader in the Philippines and will continue distributing Carrier commercial products in the Philippines.
'This transaction marks another step on our path to a simpler and more focused portfolio', said Geraud Darnis, president, Carrier Corp.