Daikin Closes Acquisition of CCOM Group in New Jersey, USA.

MANews-(C)2009-2022

Texas, US-based indoor comfort systems company Daikin Comfort Technologies North America, Inc. has closed on the acquisition of New Jersey, US-based HVAC products, building management systems, plumbing and electrical supplies, and parts and accessories distributor CCOM Group, Inc. (OTC: CCOM) and its wholly owned subsidiaries for USD 2.71 per share of common stock and convertible preferred stock, the company said.

Earlier in the year Daikin announced a unified strategy to leverage strengths from Goodman and Daikin brands to expand business under one unified vision and to promote environmental solutions in the North American market.

In its strategic management plan, Fusion 25, Daikin has set its sights on becoming the top provider of HVAC solutions in North America.

This acquisition will contribute to the success of both strategies in the Northeast.

CCOM's subsidiaries, Universal Supply Group, Inc., RAL Supply Group, Inc., and S and A Supply, Inc., have shaped it into a full line distributor of HVAC products, building management systems, plumbing and electrical supplies, and parts and accessories in the Northeastern United States.

CCOM will continue to supply and promote the full line of residential unitary Goodman and Amana brand equipment, Daikin ductless and light commercial HVAC products as well as a diverse...

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