Who owns york

Borg-Warner Corp. York became a Borg-Warner division. Business boomed in the late s and throughout the s as both individuals and companies increasingly relied on "man-made weather. Although the division concentrated more on industrial and commercial business than it did on residential sales, one of its fastest-selling new products in was the Sunline rooftop air conditioner, which took up no interior space and was almost invisible from the ground because of its low-silhouette design.

York installed the world's largest water-cooled air-conditioning system at the World Trade Center in New York City in , weighing 49, tons. In York's air-conditioning sales were running 15 percent above a year earlier, with new orders jumping 48 percent. An independent market-projection report had more good news: air-conditioning sales were said to be rising even faster than the industry annual growth rate of 10 to 15 percent, and there was a record order backlog.

A new York heat pump was in production in Expected to improve the division's sales in residential housing, this pump, besides removing the heat from within a house in summer, acted to warm the house in the winter months.

By , York was the second-largest maker of air-conditioning and related equipment in the United States, having in that year acquired Westinghouse Electric Corp. However, by , Borg-Warner was considering selling its air-conditioning unit now called Borg-Warner Environment. After failing to make a profitable deal, Borg-Warner spun off the unit in to shareholders by distributing one share for every ten shares of Borg-Warner held by investors.

A "spin-off" is a form of company divestiture that results in a subsidiary or division becoming an independent company. A former helicopter designer, Stanley Hiller, Jr. Hiller envisioned great opportunities overseas, a higher degree of vertical integration, and more emphasis on new products and research and development.

In a Wall Street Transcript interview, he disclosed that York's debt had been refinanced in Europe and proclaimed the company to be "in an excellent financial position. York went private in , when an investor group headed by Citicorp Capital Investors Ltd. Citicorp and affiliates of Prudential Insurance Co. In this reorganization, the company assumed a heavy burden of debt. By March , when York was described as the most profitable, fastest-growing company in its industry in Other projects abroad included a cooling system for Saudi Arabia's Jiddah Airport, a water-chilling system for the English Channel Tunnel, and Norway's largest ammonia refrigeration plant, for the Winter Olympics.

In , York introduced the first-ever natural-gas heating and cooling system in the form of its Triathlon heat pump, powered by a revolutionary small Marathon engine. About 25, units were expected to be sold over the next three years, with at least three-quarters expected to be residential sales. York also foresaw a big market in retrofitting existing industrial and commercial cooling systems to eliminate chlorofluorocarbons.

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Contact Us. In fact, Coleman's central air conditioners are among the best for saving you money on energy bills over time. Are York air conditioners any good? How do you read a Coleman serial number? Count the number of letters at the beginning of the serial number, if applicable. Is luxaire and York the same? Luxaire is just a York knockoff brand. That company sells them because they are cheap and can make the most money off of them by marking up the price more and keeping it still reasonable for you.

Rather then selling the real York at a much higher price and making less profit off of it. What is Seer in AC? Is Guardian AC made by York? Today York is part of Johnson Controls Inc. Guardian opened a 1. Are luxaire air conditioners good?

Altogether, Luxaire represents a very sound investment for Canadian homeowners. Even the middling LX Series air conditioners compete against similarly priced units from other brands. How Much Is York air conditioner? How long has Coleman been in business? How long does a York air conditioner last? In general, you can expect your air conditioner to last 10 to 15 years.