Appliance Design - August 2008 - (Page 9)

NEwS watch for Enodis in April. Then, in May, ITW made a better offer. Manitowoc then countered with higher bid, but that was put on hold pending recommendations from the Takeover Panel in the U.K, which oversees acquisitions of U.K. listed companies. To resolve the matter in an orderly fashion, the Takeover Panel forced the two bidders into a single round auction, which Manitowoc won with a bid of 328 pence per Enodis share, which will result in a transaction valued at approximately $2.7 billion, including the assumption of Enodis’ net debt (approximately $249 million/125 million pounds Sterling as of March 29, 2008). Subsequently, the Board of Enodis unanimously voted to recommend the Manitowoc offer to shareholders. The acquisition will allow Manitowoc, whose product line focuses on the cold side of foodservice equipment (refrigeration and ice), to break into the hot (cooking) side and immediately become a global leader in commercial foodservice equipment. Enodis commercial foodservice brand names include Frymaster, Garland, Lincoln, Scotsman, Kysor Warren, and Convotherm. dards for indoor residential gas furnaces and mobile home gas furnaces from 78 percent to 80 percent. The rule is effective as of Nov. 19, 2015. AHRI intervened in support of the 80 percent AFUE standards and plans to file briefs to respond to the petitioner’s arguments. The groups suing claim that the DOE erred in failing to prescribe a 90 percent AFUE national minimum efficiency standard for indoor gas furnaces. They say that the DOE did not include in its review the benefits of a 90 percent minimum standard on reducing natural gas prices and global warming emissions. The petitioners had no dispute with DOE’s new standards for outdoor gas furnaces, oil furnaces, or gas and oil burners, the AHRI says. These standards were developed concurrently with the residential gas furnace standard. cy consider the impact of climate change legislation on the use of HFC refrigerants. In a climate change bill in the U.S. Senate, the HFC cap is 30 percent below estimated industry demand. The group says there is a possibility that prices of refrigerants will skyrocket as not enough refrigerants that meet energy conservation standards will be available. Higher efficiency products require more refrigerants. They also ask that the DOE explore the feasibility of enforcement mechanisms for possible regional efficiency standards. president of AB Electrolux. He succeeds Magnus Yngen, who has been appointed president and CEO of Husqvarna AB. Yngen will be a member of group management and report to president and CEO Hans Straberg. Guimaraes, 48, is currently senior vice president, product and brand, within Major Appliances Europe. He will assume his new position on Oct. 1, 2008. BOSch BUYS tOOL BIZ. E LEctROLUX NaM E S EXEcUtIVE. Enderson Guimaraes has been appointed new head of Major Appliances Europe and executive vice The Bosch Group, Stuttgart, Germany, boosted its power tool business with the acquisition of CST/berger, a division of The Stanley Works. CST/berger, West Lafayette, Ind., makes laser and optical leveling tools as well as alignment technologies for professional and DIY customers. colors • textures special effects functionality color consulting & technical service 2nd generation bonded metallics large or small volumes custom colors, fast global partnership RULEMaKING BEGINS. The ahRI BacKS DOE. The Air-Conditioning, Heating and Refrigeration Institute (AHRI) has intervened on the side of the U.S. Department of Energy (DOE) in a lawsuit brought against the agency by several local governments and environmental groups. The groups have petitioned the U.S. Court of Appeals for the 2nd Circuit Court to void DOE’s final rule that raised the minimum AFUE stanwww.applianceDESIGN.com DOE has begun a three-year rulemaking and data collection process for establishing amended energy conservation standards for residential central air conditioners and heat pumps. A final rule is expected to be published in 2011. The AHRI plans to be actively involved in the process, and seeks better analyses of the costs that manufacturers can incur. In past rulings, the AHRI says the DOE underestimated the cost increases associated with higher efficiency standards. When migrating from 10 SEER to 13 SEER, the DOE predicted an incremental cost of $335 increase. This underestimated true costs, which resulted in a 9 percent drop in sales since the 13 SEER mandate took effect. Additionally, the AHRI asks that the agen- …any questions? colorworksforyou www.tiger-coatings.com 800.243.8148 applianceDESIGN August 2008 9 AM 7/14/08 11:08:51 AD08084Tige.indd 1 http://www.tiger-coatings.com http://www.tiger-coatings.com http://www.appliancedesign.com

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Appliance Design - August 2008 Contents Editorial Shipments/Forecasts News Watch Plastics Switches Noise & Vibration Control Joining New Products Design Marts Association Report: CEA Advertiser’s Index

Appliance Design - August 2008

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