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NEWS


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Emerson Climate Technologies rebrands to Copeland under Blackstone https://www.acr-news.com/emerson-climate- technologies-rebrands-to-copeland-under-blackstone


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4 July 2023 • www.acr-news.com Download the ACR News app today


Emerson Climate Technologies rebrands to Copeland under Blackstone


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lackstone and Emerson have confi rmed that private equity funds managed by Blackstone have completed the acquisition of a majority stake in Emerson’s Climate Technologies business in a transaction valuing the business at $14.0 billion. The new standalone business will be named Copeland – building on the brand’s 100-year legacy, global recognition and infl uence across the HVACR industry. As a standalone company focused on serving the global HVACR market, Copeland’s product portfolio includes compressors, controls, thermostats, valves, software and monitoring solutions for residential, commercial and industrial customers. Copeland had fi scal 2022 net sales of $5.0 billion.


“Copeland has long been a pioneer in the HVAC and refrigeration industries with unmatched


capabilities in engineering, design and innovation,” said Ross B. Shuster, chief executive offi cer of Copeland. “With the focus that comes from being a standalone company, and the support of our shareholders, Blackstone and Emerson, we plan to extend the company’s leadership position in the industry and develop new and integrated climate technology solutions. The Copeland business is made up of over 18,000 talented team members, who are aligned and committed to developing technologies and solutions that drive decarbonisation at scale, accelerate the global trend of electrifi cation and deliver greater value for our customers and end users.” Copeland will continue to operate from St. Louis, while maintaining a global footprint to serve customers in Europe, Latin America, Asia, Middle East and Africa.


refrigeration wholesale knowledge, Murray is well known for her relentless enthusiasm in support of the IOR Scotland. She was in the chair as president for three years and today holds the position of vice president. Hayley Cattell group sales director of Beijer Ref said: “I am


really pleased that Julie was attracted to our business. She will be a great asset to my sales management team in support of all our wholesalers.”


Julie Murray joins Beijer Ref J


ulie Murray has joined Beijer Ref as UK and Ireland sales manager, AC Ancillaries.


In addition to her wealth of air conditioning and


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