DALLAS, Oct. 10 /CNW/ -- Lennox International Inc. (NYSE: LII) announced
plans to close its Refrigeration operations in Danville, IL and consolidate
its Danville manufacturing, support, and warehouse functions in its Tifton, GA
and Stone Mountain, GA operations. The LII facility in Danville manufactures
evaporators and other heat transfer products for the commercial refrigeration
The consolidation will be a phased process and is expected to be
completed over the next 18 months.
"Decisions involving our employees and their families are always
difficult," said Todd Bluedorn, LII CEO. "However, because of increasing
pressures we face in our refrigeration markets from both domestic and foreign
competition, the consolidation of our Refrigeration operations is necessary
for us to remain competitive."
"This decision is not a reflection of the quality of our people in
Danville, but a consequence of how our market and competitive situation have
evolved in recent years," said Chris Peel, vice president and general manager,
Heatcraft Refrigeration Products LLC. "In planning the consolidation, a high
priority has been placed on minimizing the impact on our customers and being
respectful of the employees who made our Danville operations such an important
contributor to our business for over 17 years."
Lennox International Inc., through its subsidiaries, is a global leader
in the heating, air conditioning, and refrigeration markets. Lennox
International stock is traded on the New York Stock Exchange under the symbol
"LII." Additional information is available at
http://www.lennoxinternational.com or by contacting Karen O'Shea, vice
president, communications and public relations, at 972-497-5172.
This news release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. These statements are
subject to numerous risks and uncertainties that could cause actual results to
differ materially from such statements. For information concerning these
risks and uncertainties, see LII's publicly available filings with the
Securities and Exchange Commission. LII disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
For further information:
For further information: Karen O'Shea, vice president, communications
and public relations of Lennox International Inc., +1-972-497-5172 Web Site: