Modine announced on July 1, 2025, the acquisition of Climate by Design International (CDI), a Minnesota-based manufacturer specializing in desiccant dehumidification technology and critical process air handlers. This strategic move builds on Modine's capabilities in specialty commercial indoor air quality (IAQ) solutions.
CDI's specialized technologies provide critical humidity control in low-temperature environments, such as pharmaceutical manufacturing and healthcare, and expand Modine's access to new end markets including food processing, cold storage, battery manufacturing, and ice arenas. CDI is anticipated to generate $45 million in revenue for fiscal 2026.
Management expects CDI to be accretive to earnings before synergies and to drive incremental growth through the deployment of Modine's 80/20 operating model. The acquisition also provides Modine with additional manufacturing capacity in the U.S. for air-handling systems, enhancing its ability to deliver integrated, high-performance Commercial IAQ systems.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.