Carrier Announces Another JV to Divest Distribution Business

Seemingly patterned after their 40-60 joint venture with Watsco earlier this year, Carrier Corp. is entering into another joint venture with Russel Sigler, Inc. to combine its factory distribution operations in California with the long-time independent Carrier distributor. The press release states, "The venture is expected to generate about $360 million in sales and have 35 facilities, including the Carrier sites in California and Russell Sigler's distribution in nine western states."