SPX Acquires Manufacturer of Industrial Refrigeration Products
SPX Corp. completed the acquisition of SGS Refrigeration Inc. of Dixon, Ill. SGS manufactures and distributes industrial refrigeration products, including industrial evaporators and evaporative condensers, in the North American market.
“SGS has operated as a close partner with SPX in the evaporative condenser market,” said Gene Lowe, president and CEO of SPX. “I am very pleased with the progress this partnership has made and look forward to the next phase of our growth together, as we combine our resources to further expand our addressable market and product suite of industrial refrigeration solutions.”
SGS has been involved with SPX since 2015 to produce the Cube line of forced- and induced-draft evaporative condensers designed to support a range of industrial cooling and refrigeration applications.