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Modine Sells Thermacore Business Unit

Wisconsin-based maker of thermal management systems and components has sold a subsidiary for $13.25 million.

Edited by Manufacturing.net Staff
May 2, 2008

RACINE, Wis.--Modine Manufacturing Company announced today that the company has sold substantially all of the assets of its Thermacore Inc. electronics cooling subsidiary, based in Lancaster, Pennsylvania, for $13.25 million.

The purchaser, FSBO Ventures, is owned by current and former members of Thermacore’s management team.

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