Evapco Acquires Semco Refrigeration and Air Conditioning Division
Evapco Inc. has acquired majority ownership of Semco Refrigeration and Air Conditioning Division, São Paulo, Brazil. Now operating under the name Evapco Semco Equipamentos de Refrigeração Ltda, the new company retains its current staff. In addition, Jose Alignani Neto continues as CEO, now reporting to Adam Michel, vice president of finance in Evapco’s headquarters in Taneytown, Md.
According to the two companies, the acquisition is mutually beneficial. Evapco gains a manufacturing presence in South America, expanding the company’s global footprint in industrial refrigeration, power generation, industrial process and HVAC markets. Semco is poised to grow its business in South America by incorporating Evapco’s product lines into its offerings. The company will offer Evapco's heat transfer efficiency, water conservation and sound reduction technology.