Acquisitions · Air filters
Daikin buys North Carolina air filter maker Flanders for about ¥50.7 billion
- Buyer
- Daikin Industries (via US subsidiary AAF) (Osaka)
- Target
- Flanders Corp., Washington, North Carolina
- Value
- About ¥50.7B
- Status
- Completed in 2016.
- Date
- 2016-02-09
Daikin Industries bought Flanders Corp., an air filter maker based in Washington, North Carolina, through its US subsidiary AAF. The price was about ¥50.7 billion. Flanders was folded into AAF.
Why it matters
The deal enlarges Daikin's US filter business, which it runs through AAF alongside its air conditioning operations.
Sources
Kakehashi M&A News home
