by Rebecca Walker — October 28, 2009 Smardt Chiller, a major global chiller engineering and manufacturing group, has formed in Montreal.
Gaetan Morin, executive vice-president of investments of the FTQ Solidarity Fund of Montreal and Roger Richmond-Smith, chairman of the new Smardt Chiller Group, disclosed an FTQ minority investment of $15 million in the new entity, which merges the Australian PowerPax chiller business with its North American Smardt sister company, then expands distribution offshore.
Smardt chillers are delivering major reductions in energy consumption in buildings as diverse as the Sydney Opera House, process cooling operations in remote Sinkiang, China, an airport in Colombia, hotels in Hawaii, New York’s Carnegie Hall and large hospitals in several different countries, says the company.
For more information, see the Web site.
