2012 new residential products THE HVACR CONTRACTOR’S WEEKLY NE WSMAGA ZINE SINCE 1926 September 10, 2012 | $5.00 | Visit us online at www.achrnews.com, Twitter, Facebook + LinkedIn Product grid begins on page 8. New product descriptions begin on page 9. Daikin Acquires Goodman for $3.7 Billion W hat has been long rumored in the HVAC industry became official as Daikin Industries signed a defini-tive agreement to acquire Goodman Global Group for $3.7 billion. The companies hope the agreement will give the Japanese company even more of a pres-ence in North America. They also believe it will allow Daikin to enter the mainstream ducted residential unitary segment and also grow their ductless business in North America by gain-ing access to Goodman’s distribution network. Goodman has a network of over 900 distribu-tion points, of which 192 are company operated. “Goodman is the best partner for Daikin in North America as we aim to become the lead-ing global HVAC manufacturer,” said Daikin CEO and Chairman Noriyuki Inoue. “North America is the largest global HVAC market and most systems in this market are ducted-style, a segment where we have little presence. Good-man and Daikin can enjoy a complementary relationship by having more channels in the market to offer Goodman’s market-leading ducted products and Daikin’s existing products. Daikin will also capitalize on Goodman’s lean management know-how to help us improve the earning power of the entire Daikin Group and expand our business in emerging and high volume markets globally.” The transaction, pending regulatory approval, is expected to be completed during the fourth quarter of 2012. “The combination of the Daikin Group and Goodman is the next step in becom-ing the definitive leader in the global HVAC marketplace,” said David Swift, CEO of Goodman Global. “I am enthusiastic about our companies coming together to further satisfy the needs of our customers now and in the future. “Because of the different comple-mentary products and markets that our sepa-rate organizations serve, we do not expect any immediate organizational changes.” Until closing, Daikin and Goodman will continue operating as separate companies. Funds for this acquisition will be raised through the combination of internally gener-ated funds, public policy financing, straight bond issuances, and bank loans. Daikin does not have any plans to issue new stock. New Products Emphasize Comfort and Efficiency E giving back Several HVAC industry companies are teaming up in Phoenix to help replace “rundown” portable school buildings. Volunteers (above) are part of The Safari project at the Road Runner elementary school which consists of donated materials and products and is staffed entirely by volunteers. very year The NEWS introduces the latest heating equipment that is available for the upcoming winter season. The intent is to help contractors prepare for this busy period by doing the research that will help them to distinguish between brands. Like last year, this year’s Heating Showcase is split into two parts — residential and commercial. The residential/ light commercial information is published in this issue, and the commercial products will be featured in the Oct. 8 issue. Included in the coverage is feature-specific information about each individual product as submitted by the manufacturers. The showcase features the product grid on page 8, which includes technical facts, such as unit tonnage, refrigerant type, efficiency rating, and heating capacity. The accom-panying photo feature on page 9 provides more in-depth information on the features of each individual unit and also includes technical support information from the manufac-turer. The manufacturers provided all of the data included in the product grid, as well as in the photo feature. Therefore, any questions should be directed to them via the contact information provided in the photo feature section. DIGITAL EDITION THIS ISSUE SPONSORED BY: Crushing Your Competition As a Whole House Home Performance Contractor DATESEPTEMBER •TIMEPMET A end this FRE Webina E r! Register for FREE at webinars.achrnews.com.