Red Dot agrees to acquire JBAR A/C
| August 15, 2011
Red Dot Corp., a global supplier of heating and air conditioning systems, components, and aftermarket parts for heavy-duty vehicles and equipment, announced it has reached an agreement to acquire JBAR A/C of Valley View, Ohio, near Cleveland. Financial terms were not disclosed.
JBAR designs and manufactures heaters and air conditioning systems for vehicles used in construction, materials handling, and other heavy-duty applications. The company will operate as a subsidiary of Red Dot, retaining the JBAR brand, management team, and employees.
Red Dot plans to invest in additional production capacity in the Cleveland area to allow JBAR to meet the growing needs of its customers.
The agreement is scheduled to close on Sept. 1, 2011.