Samsung Electronics America has agreed to purchase HVAC distributor Quietside Corporation.
Announced on Tuesday, Samsung has agreed to purchase Quietside, described as a leading distribution channel for heating, ventilation and air conditioning (HVAC) products. Quietside has been the main distributor of Samsung's HVAC products in the US and Canada since 1997.
The financial details of the acquisition were not disclosed.
Under the terms of the deal, Quietside will continue to be headquartered in the Fort Worth, Dallas area, and will be given greater access to Samsung HVAC products, including its DVMS energy efficiency systems. In addition, Quietside will be invested within in order to hire additional staff and improve the firm's infrastructure in the US, in order to cope with increased expansion in the split ductless and VRF product categories.
Samsung expects the buyout will further strengthen its sales operations in the United States, especially within the B2B field. On the heels of the acquisition, the electronics giant also plans to unveil an improved HVAC product lineup.
Sang Lee, the founder of Quietside, will remain as CEO and will have operational responsibility for the company.
"Samsung is excited to deepen our long relationship with Quietside by making this acquisition," said Tim Baxter, president of Samsung Electronics America. "Samsung always looks to bring innovation and new technology to our customers and we look forward to working with Sang and his team to bring that same commitment to selling HVAC products to customers across North America."