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Northeast HVAC
News
Daikin Acquires ABCO for Distribution
in New York, New Jersey and Surrounding States.
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Daikin North America LLC “Daikin,” a subsidiary of Daikin
Industries, Ltd. “DIL,“ the world’s largest manufacturer of
heating, cooling, and refrigerant products, announced today a
strategic alignment with ABCO HVACR Supply + Solutions “ABCO,”
the leading full line distributor of HVAC and refrigeration
systems and supplies in the Northeastern United States. This
joins the excellence of Daikin manufacturing and product
development with the intensity and integrity of ABCO in the
marketplace.
ABCO’s unique blend of day-to-day air conditioning and refrigeration
application engineering together with its expertise in residential
and commercial sales provides a winning platform for Daikin’s wide
range of equipment, parts and accessories. This move strengthens
Daikin’s opportunity for greater collaboration in the local
territories among ABCO branches, Daikin group companies, and
Daikin’s entire regional customer base.
Daikin has transformed the North American HVAC industry over the
past several years making significant inroads into the market with
the purchase of Goodman Global Group, Inc., by DIL in 2012 for $3.7
billion. In 2015, DIL began construction of the Daikin Texas
Technology Park “DTTP”, a state-of-the-art business campus near
Houston, TX that includes research and development, manufacturing,
engineering, logistics, marketing, distribution, and sales
operations all under one roof. DTTP was completed in 2017, costing
over $450 million, which is the largest, single manufacturing plant
investment in the 96-year history of DIL. DTTP sits on over 500
acres, employs over 7,000 people and at over 4 million square feet
is one of the largest manufacturing facilities in the world – the
size of 74 football fields. The acquisition of ABCO is another in a
series of investments to support Daikin’s vision for growth in North
America.
Daikin’s acquisition will support the continued growth of ABCO,
providing opportunities to expand and grow its business – retaining
and growing its contractor customer base, hiring new talent, adding
more business technology, expanding product lines, and pursuing new
growth and strategic opportunities. Daikin, along with other brands
owned by Daikin, are new to ABCO. ABCO will begin promoting the full
line of Daikin ductless, residential unitary, light commercial, and
commercial HVAC products, as well as controls, air quality, parts,
and accessories throughout their distribution footprint while
continuing to fulfill existing obligations. Michael Senter will
continue as ABCO’s Chief Executive Officer and ABCO’s senior
management team will continue to be the leaders of ABCO in all
facets of sales, operations, finance and human resources. ABCO will
also maintain the company name with established brand recognition in
the Northeast.
Story
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“The strategic
alignment with ABCO provides a dynamic foothold for Daikin in the
Northeast where ABCO is a leading distributor of a broad range of
HVAC products from residential to industrial,” said Takayuki “Taka”
Inoue, Executive Vice President and Chief Sales and Marketing
Officer of Goodman/Daikin North America. “We believe that Daikin’s
portfolio offers a perfect fit to support the existing and future
potential of ABCO distribution. Our vision for Daikin is to become
North America’s leading indoor comfort solutions provider, and the
acquisition of ABCO is a key, strategic milestone for Daikin in our
continued effort to achieve our North American vision.”
“Both Daikin and ABCO are people-centered organizations. This means
each team member and every customer is recognized for their
individual personalities and contributions. This fundamental belief
in the integrity of relationships is essential to both
organizations’ success,” Michael Senter explained. “ABCO’s
dedication to building strong, multi-generational relationships with
our customers based on the highest levels of technical support,
customer service and application engineering is a great match for
Daikin’s open-mindedness to new ideas and its commitment to
engineering ingenuity in meeting current market demands and
foreseeing future market and society needs.”
Jeff Drees, Executive Vice President, Sales, Marketing and
Aftermarket for Daikin Applied Americas, Inc., stated “This is an
exciting collaboration among the Daikin North American businesses
and the ABCO team. Daikin Applied’s representatives will continue to
be the authorized applied sales representatives in the territory,
and will benefit from ABCO’s technical skills and long-standing
relationships in the marketplace.”
Under the new ownership of Daikin, ABCO will operate as a
wholly-owned business unit of Daikin, while maintaining its
headquarters location in Long Island City, New York in addition to
17 fast-access branch locations, in 6 states, from Wilmington,
Delaware to Boston, with over 220 employees.
Doug Widenmann, Senior Vice President and President, Daikin Business
Unit, expressed, “I believe this is a major landmark moment for
Daikin. Our strategic plans and successful growth accomplishments
within this great organization have been unbelievably exciting. I am
anxious to begin working with and learning from the ABCO management
team who have successfully built a high quality, highly technical,
sales and services organization, with state-of-the-art training
facilities, focused on the success of their customers.”
Andrew Senter, ABCO Vice President of Sales and Operations and the
third generation of Gottlieb-Senter family leadership to embrace the
ABCO vision, further explained, “ABCO has been the leading
distributor of residential and commercial ductless air conditioning
in the United States. With this experience, we recognize the
potential of innovative HVACR technology to enhance the growth and
prosperity of our irreplaceable customers. The opportunity for ABCO
as a Daikin member company is dynamic. Together, with Daikin, we are
creating bold new channel teamwork to bring the ABCO commitment to
service and quality to yet another generation of customers.”
About Daikin
Daikin Industries, Ltd. (DIL) is a Fortune 1,000 company with more
than 76,000 employees worldwide and is the world’s number 1 air
conditioning company. Daikin North America LLC (Daikin) is a
subsidiary of DIL. Daikin and its affiliates manufacture heating and
cooling systems for residential, commercial and industrial use and
are sold via independent HVAC contractors. Daikin engineering and
manufacturing is located at
Daikin Texas Technology Park near Houston, TX. For
additional information, visit
www.northamerica-daikin.com.
About ABCO
Established in 1949, ABCO HVACR Supply + Solutions is the leading
full line distributor of HVAC and Refrigeration systems and supplies
in the Northeast United States. ABCO provides solutions and services
to contractors, engineers, architects, and developers with 17
fast-access locations, ranging from Wilmington, Delaware to Boston.
Our mission is to exceed customers’ highest expectations. With ABCO,
customers are supported with a deep inventory and extensive delivery
capabilities, and smarter strategies to help ensure their success
and profitability. For additional information, visit
www.abcohvacr.com.
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