The new Hutchinson, Minn. campus is expected to open in early 2019.

'To the Water Heating Business, it is an option to go global and potentialize its growth by being part of one of the most relevant players of this industry globally.'

Sponsoring teams at this year’s event included Holdrite, Sloan, Uponor, Rheem, Milwaukee Tool, Charlotte Pipe, Mifab, TracPipe, Delta, and Oatey.

Stiebel Eltron has also developed a program for homeowners in the affected areas to help with the costs of rebuilding.

 Midea is a long-time global supplier of residential ductless HVAC systems to Carrier. 

This acquisition is the third undertaken by CoolSys under its ownership by Audax Private Equity, and the second this year.