COOPER&HUNTER ENTERS INTO STOCK PURCHASE AGREEMENT OF INNOVATIVE PRODUCTION LINE IN CHINA
March 15, 2017, Zhuhai, PRC – Cooper&Hunter, a globally acclaimed manufacturer of a wide range of HVAC equipment, announced today that they have entered into definitive agreements for a long-term strategic partnership with Zhuhai Vino Environmental Technology Equipment Co. LTD and company stock share purchase that is expected to accelerate growth for both companies on the global market.
As a result of reached agreement, factory in Zhuhai received new name: Zhuhai Vino – Cooper&Hunter Environmental Technology Equipment Co. LTD. As soon as summer 2017, Cooper&Hunter is planning to supply new product line from production facility to USA, Canada and Europe.
The new, innovative partnership leverages the respective strengths of Cooper&Hunter and Zhuhai Vino Environmental Technology Equipment Co. LTD. to create compelling value for both companies and their shareowners. Importantly, the partnership strategically aligns both companies for the long-term goal by combining the strength of Cooper&Hunter worldwide distribution with Zhuhai Vino Environmental Technology Equipment’s R&D and production.
Cooper&Hunter is dedicated to technological innovation and consumer-driven product development. Partnership with Vino Environmental Technology Equipment Co. LTD will allow to continue generating new products that adhere to the highest quality standards, providing reliable, energy-efficient, and cost-effective air conditioning solutions.
Zhuhai Vino Environmental Technology Equipment Co. LTD. outstanding R&D team holds a comprehensive expression of latest technology of the A/C industry, including outstanding test facilities. Factory EER Testing Standard is 4% higher than China National Standard. High technological standards match Cooper&Hunter’s commitment to producing quality products that improve customers’ lives.
“Cooper&Hunter Company continues to identify innovative approaches to partnerships that enable us to stay at the forefront of consumer trends in the HVAC industry.We see value potential to reduce product cost and improve NPI spend. Ultimately, as we develop more production lines, we can build additive value for our customers, meeting both their current needs and promoting future engineering trends.” said Yanira Angeles, VP of Sales in Comfortside LLC, an exclusive master dealer of Cooper&Hunter in USA and Canada.
Zhuhai Vino Environmental Technology Equipment Co. LTD. CEO Mr. Yuan added: “We are excited to evolve our long-time partnership. Cooper&Hunter has been an important player of global HVAC market for the last 20 years, so we are inspired with Cooper&Hunter’s performance-driven and entrepreneurial culture, proven success in building and extending C&H brand and their strong product innovation pipeline. We believe this partnership will create compelling and sustainable value for our business and our shareowners.
The agreement announced today represents a unique opportunity for Zhuhai Vino Environmental Technology Equipment Co. LTD as we gain enhanced access to Cooper&Hunter’s distribution system all over the world. At the same time, we become Cooper&Hunter Company’s R&D base and production boutique for customized products, based on specific customers’ insights, with a robust portfolio led by Vino line and Cooper&Hunter brands.”
“Adding manufacturing facilities is a key part of Cooper&Hunter evolution into the leading air conditioners manufacturing company. We are creating a more productive world with our innovative world-class equipment, materials and software. We are poised to not only benefit from this movement as a brand, but spearhead it as a leading supplier in North America,” said Yanira Angeles,VP of Sales in Comfortside LLC.
About Cooper&Hunter:
Since 2003, COOPER&HUNTER equipment has become very popular all over the world. The number of products yielded under the brand C&H (COOPER&HUNTER) is measured in millions of items now and the C&H itself has become a mark of quality and reliability of HVAC equipment. The company’s goal has always been to give the customers the best quality air conditioners for an affordable price.Cooper&Hunteris expecting to double theirbusiness in North America by 2020 at attractive returns.
Headquartered in Miami, Florida, Comfortside LLC is an exclusive master distributor of Cooper&Hunter in USA and Canada.
About Zhuhai Vino Environmental Technology Equipment Co. LTD:
Zhuhai Vino Environmental Technology Equipment Co. LTD. production line is a moderate size facility with a little more than 10,000 sq.m production space, equipped up-to-date and covered by well known world certifications. The products coming from the line includes high wall, duct, multi zone and special customized air conditioners, which are sold to more than 30 countries, including North America, Europe, Australia, and Southeast Asia. Major team members have over 10 year’s professional experience in R&D/QC/PM within leading AC companies.
