Carrier Global Corporation Strikes Deal to Divest Commercial Refrigeration Business to Haier

Carrier Global Corporation CARR, a prominent force in the field of intelligent climate and energy solutions, has officially declared on December 13, 2023, that a definitive agreement has been reached to offload its worldwide commercial refrigeration division. The purchasing party is none other than Haier, a global household appliance giant and a long-standing joint venture partner.

Strategic Business Realignment

In what is seen as a significant reconfiguration of Carrier Global Corporation's business strategy, the sale to Haier represents a move that will not only impact Carrier's portfolio but will also shape the dynamics within the commercial refrigeration industry. This decisive step forwards underscores the company's commitment to optimizing its core businesses and reallocating resources to further innovation and growth in other areas of high potential.

Impact on Carrier's Market Position

The transition of the commercial refrigeration business is anticipated to influence CARR's market position strategically. By divesting this sector, Carrier aims to hone in on its primary offerings, thereby strengthening its competitive edge in the climate and energy solution markets globally. The details of the transaction remain closely observed by industry analysts, investors, and stakeholders alike as their entwined history with Haier adds a layer of depth to potential future collaborations.

About Carrier Global Corporation

Carrier Global Corporation, headquartered in Palm Beach Gardens, Florida, is a powerhouse in the global home appliance industry. As a company with international repute, Carrier has built a reputation for its advanced and sustainable climate control innovations, services, and solutions, marking it as a key player in the efforts to harness and master energy efficiency and environmental stewardship.

Carrier, Haier, Acquisition