Soler & Palau Ventilation Group Holdings has purchased Kruger Asia, Southeast Asian manufacturer and supplier of commercial and industrial ventilation.
Kruger has production plants in Singapore, Thailand, Malaysia, India and China and sales subsidiaries in Indonesia, Philippines, Taiwan, Hong Kong and Vietnam. It had consolidated net sales of $ 95 million in 2008.
Eugene Scotcher, CEO North American division of Soler & Palau, said in a statement that the purchase of Kruger "further strengthens our position as one of the few truly global companies within our market sector with a local presence in every continent" .
Soler & Palau USA is based in Jacksonville. Its parent company, Soler & Palau, based in Barcelona, Spain, entered the ventilation market in North America in 2004 by buying Breidert Air Products, a maker of small commercial fan with a 70,000 square meters of floor on Powers Avenue in the Southside of Jacksonville.
Facilities in Jacksonville Soler & Palau USA now have over 160,000 square feet of operating space, which sends a wide range of ventilation products throughout North America.
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