Hill PHOENIX Inc., a Dover Company, today announced it has acquired certain assets and intellectual property of Tyler Refrigeration, Nile, MI, a unit of Carrier Corporation. Financial terms of the transaction were not released.
Hill PHOENIX has purchased select equipment and other physical assets, order backlog, intellectual property and the service parts business of Tyler Refrigeration, a manufacturer of refrigerated display merchandisers and refrigeration systems for the food retail industry. In addition, Hill PHOENIX has also purchased Tyler’s five service and installation branch businesses, located in New Jersey, Minnesota, Arizona, Southern California and Mexico. Tyler’s manufacturing facility in Niles is not part of the transaction.
“Because the focus of our strategy is to grow our business and better serve our customers, this acquisition is an excellent strategic fit for Hill PHOENIX,” says Bill Johnson, Hill PHOENIX president and CEO. “Hill PHOENIX has a history of focusing time and capital to develop technologies that meet the growing needs of our customers. Over the last few years, Carrier has invested in some unique, energy-saving coil and air-flow concepts that Tyler has brought to the market. We’ll be applying those concepts to existing Hill PHOENIX technology and equipment to further our product offerings.”
With Carrier retaining ownership of the Niles facility, new Tyler products will no longer be available. Hill PHOENIX is working with Carrier to ensure a smooth transition with minimal interruption of scheduled shipments to customers. All orders that were entered on or before April 30 and are scheduled to ship on or before July 31 will be produced at the Niles facility and shipped according to schedule. In addition, Hill PHOENIX will produce service parts for existing Tyler-installed display cases, and service and installation from the branches will continue uninterrupted.
Hill PHOENIX will be meeting directly with customers and dealers over the coming weeks to be certain their specific concerns are addressed and that their needs are met. Customers in need of additional information should contact their Hill PHOENIX representative or call 800/518-6630, ext. 3122.
For a recent article on Hill PHOENIX technology at work, see contractingbusiness.com/refrigeration/content/refrigeration_primary_secondary