Danfoss, Turbocor form compressor venture
LAWRENCEVILLE, Ga. - Denmark-based Danfoss A/S and Montreal-based Turbocor have formed a joint venture to be named Danfoss Turbocor Compressors Inc. The new company combines Turbocor's existing product line of oil-free centrifugal refrigerant compressors and its manufacturing facility in Montreal employing 77 people.
Joe Orosz, president of Danfoss Commercial Compressors Ltd., has been appointed president of the new company.
Under the agreement, the company will provide energy-efficient compressors for the HVAC market, focusing on the heavy-commercial and light-industrial chiller markets for commercial air conditioning using 60- to 90-ton units. With the transaction, Danfoss will expand its commercial compressor line to include high-efficiency oil-free centrifugals, and Turbocor will tap into Danfoss' sales and service organizations to expand field installations.
"The whole team is delighted with the deal because it means the technology is here to stay," said Roger Richmond-Smith, Turbocor co-founder. "With a far-sighted global major company like Danfoss as our strategic partner, we can now comfortably support rapid growth in manufacturing, in new product platforms and in field service depth."