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Article: Philippines : Carrier sells interest in Philippines firm.
- Article from:
- TendersInfo
- Article date:
- October 29, 2009
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Byline: sanjayV03
Carrier Corp., a heating, ventilating and air conditioning manufacturer, said Tuesday it has sold a controlling interest in a Philippines company.
Terms of the deal were not disclosed.
Carrier, a subsidiary of United Technologies Corp., sold its interest in Concepcion Carrier Air Conditioning to its joint venture partner, Concepcion Industries Inc.
Concepcion Carrier Air Conditioning will continue to distribute Carrier commercial products in the Philippines.
Geraud Darnis, president of Carrier, said the deal "marks another step on our path to a simpler and more focused portfolio."
Last week, the ...