Modine Manufacturing Company Announces Acquisition of L.B. White to Expand Heating Solutions Portfolio

Reuters

05-30

Modine Manufacturing Company Announces Acquisition of L.B. White to Expand Heating Solutions Portfolio

Modine Manufacturing Company, a leader in thermal management technology, has announced its agreement to acquire L.B. White, a global provider of specialty heating solutions. The acquisition is set to close on May 31, 2025, pending customary closing conditions. L.B. White, known for its market-leading position in agriculture heating solutions, is expected to report $73.5 million in revenue for fiscal 2025. The deal, valued at approximately $112 million, aims to diversify Modine's HVAC offerings by integrating L.B. White into its HVAC Technologies product group. Modine CEO Neil D. Brinker highlighted the strategic alignment of this acquisition with the company's long-term growth objectives.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Modine Manufacturing Company published the original content used to generate this news brief via PR Newswire (Ref. ID: CG97981) on May 30, 2025, and is solely responsible for the information contained therein.

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White to Expand Heating Solutions Portfolio","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Modine Manufacturing Company Announces Acquisition of L.B. White to Expand Heating Solutions Portfolio\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Modine Manufacturing Company, a leader in thermal management technology, has announced its agreement to acquire L.B. White, a global provider of specialty heating solutions. The acquisition is set to close on May 31, 2025, pending customary closing conditions. L.B. White, known for its market-leading position in agriculture heating solutions, is expected to report $73.5 million in revenue for fiscal 2025. 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White to Expand Heating Solutions Portfolio\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-05-30 19:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Modine Manufacturing Company Announces Acquisition of L.B. White to Expand Heating Solutions Portfolio\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Modine Manufacturing Company, a leader in thermal management technology, has announced its agreement to acquire L.B. White, a global provider of specialty heating solutions. The acquisition is set to close on May 31, 2025, pending customary closing conditions. L.B. White, known for its market-leading position in agriculture heating solutions, is expected to report $73.5 million in revenue for fiscal 2025. The deal, valued at approximately $112 million, aims to diversify Modine's HVAC offerings by integrating L.B. White into its HVAC Technologies product group. Modine CEO Neil D. Brinker highlighted the strategic alignment of this acquisition with the company's long-term growth objectives.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Modine Manufacturing Company published the original content used to generate this news brief via PR Newswire (Ref. ID: CG97981) on May 30, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250530:nNDL97wjX2:1","article_id":"2539229347","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2539229347","pubTimestamp":1748602825,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Modine Manufacturing Company, a leader in thermal management technology, has announced its agreement to acquire L.B. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"摩丁制造公司宣布收购L.B.怀特将扩大供暖解决方案组合","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MOD":0.9},"content_text":"Modine Manufacturing Company Announces Acquisition of L.B. White to Expand Heating Solutions Portfolio\n    \n\n        Modine Manufacturing Company, a leader in thermal management technology, has announced its agreement to acquire L.B. White, a global provider of specialty heating solutions. The acquisition is set to close on May 31, 2025, pending customary closing conditions. L.B. White, known for its market-leading position in agriculture heating solutions, is expected to report $73.5 million in revenue for fiscal 2025. The deal, valued at approximately $112 million, aims to diversify Modine's HVAC offerings by integrating L.B. White into its HVAC Technologies product group. Modine CEO Neil D. 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