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NEWS
Wozair Group acquires North Sea Ventilation and Air Conditioning
and marine industries, announced that it has recently completed its acquisition of North Sea Ventilation and Air Conditioning Limited (NSV & AC). This asset purchase, coupled with the
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majority acquisition of Thermoplant Offshore Services Limited (TOSL) in 2019, means that Wozair and its partners can together provide an unrivalled service of specialist ventilation equipment to the energy and marine industries on a worldwide basis with reduced competition in the market. Two of the directors of TOSL, Tony
Williams and Kevin Atkinson, assisted greatly in the restructure and continue to uphold the day-to-day running of the business, as well as organising staff, services and procurement activities after the acquisition. Furthermore, the actual asset purchase was completed in
ozair Energy Holdings, one of the largest global manufacturers of HVAC equipment in the energy
record time with the help of the two main shareholders of Wozair, Simon Collins and Paul Azzopardi, their in-depth industry knowledge and over 50-years’ combined experience in this very specialised HVAC field proving useful in negotiating, funding and concluding the purchase quickly so as to minimise disruption. NSV & AC has re-employed around 20
staff and successfully turned £1.5 million of work-in-progress into complete projects for customers. Wozair has hit the ground running in its goal to reach ever greater growth and is in the process of securing new and improved premises for the relocation of the NSV & AC business by the end of December 2022. By bringing all parts of the business in
close proximity, resources can be shared and optimised whilst still retaining TOSL and NSV’s individual identities, brands, histories and expertise.
Honeywell increases production of Solstice ze
H
oneywell today has doubled production capacity of Honeywell Solstice ze (HFO-1234ze) at its Baton Rouge facility in the United States. Solstice ze is used in foam insulation, as an aerosol propellant, and in refrigeration and air conditioning applications.
Solstice ze is part of Honeywell’s Solstice line of
which helps customers reduce their environmental With multiple regulations stemming from the Kigali Amendment to the Montreal Protocol, the demand for lower-GWP solutions continues to grow. This investment will help ensure global supply needs are met. Honeywell has invested more than one billion dollars in research, development and new capacity for its Solstice technology, having anticipated the need for lower-GWP solutions to combat climate change more than a decade ago. The product line includes refrigerants for supermarkets, air conditioning for cars and trucks, blowing agents for insulation, aerosol propellants, solvents for cleaning solutions, and is being evaluated for use in metered dose inhalers.
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