Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

MARS Acquires Heat Controller

MARS, commercial and residential HVAC/R motors and components supplier, announced that it has made a strategic acquisition of Heat Controller, Inc., commercial and residential HVAC equipment supplier.

Founded in 1946, Motors and Armatures (d.b.a. MARS) is a family-owned and operated supplier of quality motors, components, and service/installation parts for the HVAC/R industry. The company distributes its own extensive MARS and JARD branded aftermarket replacement products, as well as the original equipment components of leading manufacturers. MARS is headquartered in Hauppauge, NY, and operates distribution facilities in Earth City, MO, and Mississauga, Canada.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
South Korea announced a $11.4 billion stimulus plan to stimulate the economy, which logged its slowest growth in more than a year on weak private spending. The finance ministry announced policy financing support for small businesses and to boost household income. The ministry increased the lending ceiling for businesses to $15 billion from $10 billion. European stocks are seen flat to slightly lower on Thursday amid a lack of cues to sustain two days of gains. Geopolitical concerns remain and the earnings season is picking up pace, rendering investor mood cautious. In economic releases, investors eye PMI reports from major European economies and... Social networking giant Facebook, Inc. said Wednesday after the markets closed that its second quarter profit more than doubled from last year, as revenue surged 61% amid strong growth in mobile advertising. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.