• In March 2018, Lennox International concluded the sale of its Brazilian subsidiary Heatcraft do Brasil to Elgin

– Lennox International is a publicly traded company (NYSE: LII) and one of the world leading providers of climate control products for heating, ventilation, air conditioning, and refrigeration markets

 Market cap of US$8.3 billion as of March 2018

• The sale is part of Lennox’s divestment of its refrigeration businesses in Australia, Asia and South America in order to focus on its strong market positions in North America and Europe

• With the acquisition of Heatcraft do Brasil Elgin became one of the leading players in the Brazilian refrigeration market

• Located in São José dos Campos (SP), Heatcraft do Brasil has a diversified portfolio of condensing units, racks, evaporators and others

– Heatcraft do Brasil commercialize its products through 3 brands: Bohn, Flexcold and Interlinks

• Elgin manufactures and sells products in the areas of home and office, commercial automation, computing, refrigeration, and furniture. The company, exports its products to Argentina, Venezuela, Paraguay, Bolivia, Colombia, Chile, Peru, Mexico, Saudi Arabia, and African countries. Elgin was founded in 1952 and is based in São Paulo

– In 2016, Elgin had total sales of approximately R$480 million