Farmington’s Carrier Corp. is transferring its Mexico heating-air conditioning-ventilation sales and distribution assets to its joint venture with distributor Watsco Inc., adding about $80 million a year in sales to the venture.
Carrier’s HVAC distribution operations in Mexico have 90 employees and six locations.
The transaction — financial terms of which weren’t disclosed — is expected to close on Friday.
Watsco, based in Coconut Grove, Fla., owns 60 percent of the joint venture and Carrier 40 percent.
Watsco is the largest distributor of air-conditioning, heating and refrigeration products in the U.S.
ADVERTISEMENT
Carrier is a unit of United Technologies Corp.
