Modine to acquire L.B. White for $112m.

Modine, a thermal management technology and solutions provider, agreed to acquire L.B. White, a provider of specialty heating solutions for the agriculture, construction and special event industries, for $112m. "Acquiring L.B. White is another example of executing on our strategy to expand and further diversify our portfolio with complementary technology that will enable us to achieve our long-term growth objectives. The L.B. White team brings highly engineered solutions and expertise for end markets that have unique climate requirements. Both L.B. White and our recent acquisition of AbsolutAire align with our vision to solve mission-critical thermal management challenges for our customers and will help us expand into adjacent markets with strong, long-term growth profiles," Neil D. Brinker, Modine President and CEO.