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In 1997, the company was purchased by Goodman Global (now part of Daikin North America), a heating-and-cooling manufacturer which sold it to Maytag (now part of Whirlpool) in 2002. [2] Goodman still owns Amana's air conditioner and furnace division, and Amana home appliances are now owned and manufactured by the Whirlpool Corporation. [3]
In 2006, McQuay was acquired by Daikin Industries, a global manufacturer of both commercial and residential air conditioning equipment based in Osaka, Japan. Daikin had annual sales of $13 billion in 2009. [2] Daikin was named one of the 100 most sustainable corporations for three years in a row by Corporate Knights, Inc., from 2007 through ...
In August 2012, Hellman & Friedman agreed to sell Goodman Global to Japan's Daikin Industries Ltd. for $3.7 billion. In 2015, Daikin commenced construction of the state-of-the-art Daikin Texas Technology Park campus near Houston, Texas. This project, costing over $400 million, was the largest investment made in Daikin’s 90-year history.
To cool the tunnel to 30 °C (86 °F), engineers installed 480 kilometres (300 mi) of 0.61 m (24 in) diameter cooling pipes carrying 84 million liters (18.5 million gallons) of water. The network—Europe's largest cooling system—was supplied by eight York Titan chillers running on R22, a Hydrochlorofluorocarbon (HCFC) refrigerant gas. [20] [21]
Costs incurred in Maytag's acquisition and integration of Amana and an increased corporate debt load led to aggressive internal cost-cutting efforts in direct materials, manufacturing, and distribution costs. [9] [11] Maytag introduced a value-priced appliance line under a separate label, Performa by Maytag. To increase sales, the company also ...
By 2008, a report by the United States Department of Energy ranked the firm as fifth in the US in the central air conditioner and heat pump market with a 12% market share (behind UTC/Carrier with 27%, both Goodman/Amana and American Standard/Trane with 14% and Lennox with 12%), while in the residential gas furnace market as of 2008, the company ...
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