ACR-News

Henry Technologies has formed a manufacturing and marketing joint venture with Heldon Products Australia Pty, a leading manufacturer of commercial refrigeration components in Australia and Asia.


As a result of the deal Henry Technologies will receive a controlling interest in two factories in China producing commercial refrigeration components including line valves, solenoid valves, sight glasses and filter driers, oil management and refrigerant pressure vessels. In addition, Henry Technologies will combine its Asian sales operations into Heldon's existing infrastructure.

Henry Technologies has also taken a stake as a minority investor in Heldon Products Australia, which will serve the Australia, New Zealand and Pacific Island markets from its headquarters in Melbourne and all Far East markets outside China from its sales and distribution operation in Singapore.

The joint venture will focus on expanding the companies' manufacturing and supply base in China and increasing sales of both Henry and Heldon branded products throughout the region.