LOUISVILLE – StrionAir Inc., a Louisville-based air purification systems company, has been acquired by Connecticut-based Carrier Corp., a unit of United Technologies Corp. (NYSE:UTX).
Financial terms of the deal were not disclosed.
Founded in 1997, StrionAir developed and patented enhanced electronic filtration methods and products, including a whole-house air purifier that works to capture and kill airborne germs, viruses and mold.
The company will continue to employ 10 people at its 410 South Arthur Ave. location in Louisville, Carrier officials said.
StrionAir previously has worked with Carrier since 2006, supplying the company with one of its residential air purifiers.
“Acquiring StrionAir will allow Carrier to better integrate the best-in-class Infinity Air Purifier into our overall product offering, as well as provide an opportunity for accelerated next-generation product development for both residential and commercial applications,” Carrier Residential and Light Commercial Systems President Bob McDonough said in a press release.
“We look forward to continuing our leadership in indoor air quality and purification. StrionAir’s entrepreneurial spirit and innovation capability, combined with Carrier’s product development expertise and appetite to invest in cutting-edge solutions, will result in even better offerings for customers,” StrionAir Vice President of Research and Development Peter McKinney said in the press release.
How a business manages its inventory can have a tremendous impact on the financial health of the company. Managed properly, inventory can be a great source of increased margins, higher revenue, or a combination of the two.