ITALY –Delcima is selling its radiator production unit to focus on manufacturing air conditioning units and refrigeration equipment.
The group, based in Treviso, which includes the cooler manufacturing unit CLIMAVENETA and the RC group of companies specializing in the accuracy of the air conditioning and refrigeration process announced it is seeking a buyer for its DL radiator activity.
DL Radiators was created in 1985, but is not considered part of the group’s core business.
“The Radiator aspect of the business has no synergies or structures in common with the ICC & R (indoor climate control and refrigeration) industry,” the company said in a press release “DELCLIMA resources and investment management are to be exclusively dedicated to the core business and the growth of CPI & R” the statement continued.
DELCLIMA has been listed on the Milan stock exchange since 2012 and was previously the professional division of DE’LONGHI group. It was originally created as the RC Group in 1963 and added Climaveneta in 1971.