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HTPG, which had 2009 revenues of approximately USD90m, is a manufacturer of commercial refrigeration components for the food service and food retail market segments.
California-based HTPG manufactures and distributes refrigeration condensing units, evaporator coils and air cooled condensers for sectors including food service and food retail.
Monomoy plans to further boost HTPG's manufacturing, sale and research and development activities.
Dave Hartman, eastern regional manager for HTPG, a division of Rheem, said that a lot of the demand was from "Rheem's commitment to making everything about the equipment easier for the contractor." This includes installation as well as LED lighting for servicing units in the dark of night.
- US MONOMOY CAPITAL PARTNERS TAKES OVER HTPG FROM CARRIER CORP
Monomoy Capital Partners, an USD280m (EUR223m) private equity fund, said it had bought Heat Transfer Products Group (HTPG) from Carrier Corporation for an undisclosed sum.
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