Your source for breaking news in the heating industry.
Water heater maker A.O. Smith Corp. said on Tuesday that it will acquire boiler maker Lochinvar Corp. for $418 million.The
deal does not include the privately held company's existing debt, A.O.
Smith said. The deal should add to A.O. Smith's profits by 10 cents per
share starting in the fourth quarter, except for one-time accounting
charges related to the purchase, and 40 cents to 50 cents per share in
2012. (more) Read More
ASH GROVE, Mo. - Tucked away in the quiet hills of northwestern Greene County is a little country church. The isolation of Center Baptist paints a quaint picture, and perhaps an ideal setting for a crime."Back last summer, toward the end of the season, we had seven air conditioning units taken," recalled pastor Mitch Fisher.Fisher and his flock were stunned following the crime. But last month, just in time for the heat, the church finally installed its new A-C units."We were in the process of getting the fencing and the caging and that type of thing going. Just, unfortunately, didn't get that in quick enough," Fisher said.The thieves struck again, this time hauling off four of these new 300-pound appliances. (more) Read More
JUNE 27, 2011 — The American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) has presented the prestigious 2011 Lou Flagg Historical Award to Canadian Robert Bean, R.E.T., P.L. (Eng.) and two collaborators from Denmark and South Korea on a recently published, two-part historical series on radiant heating and cooling. The trio was recognized at the 2011 ASHRAE Annual Conference in Montreal, held June 24-29, for the most outstanding recorded history of either projects or persons related to the heating, ventilation, air conditioning and refrigeration (HVACR) industry. Bean, who served as the lead researcher, and co-authors Professor Bjarne Olesen, Ph.D., from the Danish Technical University and Professor Kwang Woo Kim, Arch.D., from the Seoul National University were recognized for their global collaborative work on the "History of Radiant Heating and Cooling Systems," published in the January and February 2010 issues of the ASHRAE Journal. Bean, Olesen and Kim, who began ... Read More
Grundfos Pumps Corp. is priming the process for construction of a 150,000-square-foot-plus corporate headquarters in Lenexa. The Danish pump manufacturer has added more than 60 employees in the past year at its North American offices in Olathe and is ramping up annual revenue projections to $1 billion by 2015. (more) Read More
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German heating appliances maker OEM Viessmann Group has increased its shares in Microgen Engine Corporation (MEC), a manufacturer of gas-fired Stirling engines for micro-CHP systems. Viessmann now owns 42.2% of MEC, with heating appliance maker BDR Thermea Group holding an equal share in MEC. (more) Read More
Wilo has developed a new, particularly energysaving, high-efficiency pressure boosting system, which is intended for use in potable water supply systems, as well as in fire water and industrial applications. On 4 July 2011, in the Aalto Theatre in Essen, Germany, the "Wilo-COR-Helix EXCEL" will be awarded the coveted seal of approval in the form of the "red dot award: product design 2011“, in the category of Trade and Industry. (more) Read More
Grundfos Pumps was
named as Lochinvar’s 2010 Supplier of the Year for its overall business
performance in providing Lochinvar with high performing parts and services.
The award was given during a ceremony Friday, June 2, at Lochinvar’s
World Headquarters in Lebanon, Tenn. Lochinvar Corporation is a leading
manufacturer of high-efficiency water heaters, boilers, pool heaters and
Here's the lasted on the Dan & Lovely Marianne tour:Dead Men's Steam Night School, July 20 in Kingston, NYClassic Hydronics Night School, July 21 in East Syracuse, NYClassic Hydronics Night School, August 30 in Astoria/Long Island City, NYEach session closes when we reach 50 people. Hope to see you then! Read More
National Grid customers could wind up with a double whammy in 2013. The British utility, which announced a 25 percent increase in its pre-tax profit Thursday, says it will likely seek rate increases for its electric and natural gas customers in upstate New York as soon as possible next year.Because the process of asking state regulators for a rate hike takes 11 months, any increases wouldn't take effect until 2013. But National Grid just spent most of last year trying to justify a $360 million electric rate increase, although the state Public Service Commission only allowed $119 million. And in 2009, the PSC approved a $39 million increase in natural gas rates. (more) Read More