Trane Technologies Acquires Cancoil Thermal to Expand Heat-Transfer Capabilities
Trane Technologies (TT) has reached an agreement to acquire Cancoil Thermal, a North American manufacturer specializing in heat-transfer products. The acquisition is intended to bolster Trane's existing thermal management capabilities and strengthen its regional supply chain. Cancoil Thermal operates manufacturing facilities located in Ontario, Canada, and Jacksonville, Texas. The company employs over 450 personnel, adding significant production capacity and specialized expertise to Trane Technologies' industrial portfolio.
Tickers: $TT
Topics: M&A Manufacturing Thermal Management