Hart and Cooley acquires Ward Industries
The Air Systems Components Division of Tomkins PLC, the global manufacturing and engineering group, has acquired Ward Industries Inc., a wholly owned subsidiary of W.W. Holdings LLC.
Ward manufactures and sells a range of ductwork accessory products for the residential and commercial hvac market under the Ward brand, which will be retained by Tomkins.
Ward's products include ductwork connectors, access doors, fire dampers, gaskets, sealants, hangers, and ductwork tools. The company has annual sales of approximately $15 million from its manufacturing facility in Monessen, Pa.
Ward will be integrated into Hart and Cooley Inc., the group's residential hvac business.
According to Gary Henry, president of Hart and Cooley, "This is the second strategic acquisition that we have made in the past 12 months. Following our recent acquisition of American Metal Products, Ward provides us with a new and complementary product offering in the residential and commercial construction markets, and is in line with our growth strategies in niche markets."