Carrier Corp. Announces the Sale of Refrigerated Container Services Group (RCS)

Carrier Corp. Announces the Sale of Refrigerated Container Services Group (RCS) to ConGlobal Industries

20-December-2012

Carrier Corporation announced that it has signed an agreement to sell its Refrigerated Container Services Group (RCS) to ConGlobal Industries, Inc. The transaction is expected to close by year-end.

Houston-based RCS has been serving the needs of the InterModal industry in North and Central America and the Caribbean since 1981. RCS is the largest distributor of refrigerated container parts in the world. The depot locations specialize in the repair and refurbishment of Refrigerated Containers, ISO Tanks, Dry Boxes and Chassis.

ConGlobal Industries, Inc. provides depot services, equipment sales and transportation services as well as equipment repair, maintenance, storage and redistribution services to global shipping lines and leasing companies. The company is built on a network of 20 locations in the U.S., Mexico and Costa Rica.

Carrier, a unit of United Technologies Corp’s (NYSE: UTX), Climate, Controls and Security division, is the world’s leader in high technology heating, air-conditioning and refrigeration solutions, improving the world around us through engineered innovation and environmental stewardship.

Scott-Macon’s Industrial & Automotive Group served as the exclusive financial adviser to Carrier Corporation. Please contact Mr. Fabian Hassel, Managing Director & Group Head, for additional information.